Overall MGX gets a technical rating of 0 out of 10. MGX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MGX is a bad performer in the overall market: 94% of all stocks are doing better.
- MGX is one of the lesser performing stocks in the Biotechnology industry. 75% of 525 stocks in the same industry do better.
- MGX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MGX has a been trading in the 1.58 - 1.87 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, MGX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for MGX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.40
When analyzing the support we can see 3 important areas.
- Support @1.61 from a horizontal line in the daily time frame.
- A support zone ranging from 1.54 to 1.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.41 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.70 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.80 to 1.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.72 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MGX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGX is down. |
| ChartMill Relative Strength | 6.66 | NEGATIVE | MGX has a low relative strength, it was outperformed by 93.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MGX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.67 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGX has a negative trend. |
| Stochastics (14,3) | 19.05 | OVERSOLD | The low Stochastics value suggests MGX may be oversold. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for MGX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.24 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
1.63
+0.02 (+1.24%)
METAGENOMI THERAPEUTICS INC / MGX FAQ
Can you provide the ChartMill technical rating for METAGENOMI THERAPEUTICS INC?
ChartMill assigns a technical rating of 0 / 10 to MGX.
What is the current trend direction of METAGENOMI THERAPEUTICS INC (MGX) stock?
The current trend direction for METAGENOMI THERAPEUTICS INC (MGX) is Bearish.
What is the RSI signal for MGX stock?
METAGENOMI THERAPEUTICS INC (MGX) has an RSI value of 41.6656. This indicates that the stock is currently neutral.
What is the short term momentum for MGX stock?
The short term momentum for METAGENOMI THERAPEUTICS INC (MGX) is negative.
What is the buy/sell signal for MGX stock?
The buy/sell signal for METAGENOMI THERAPEUTICS INC (MGX) is sell as both the short term and long term trends are negative.