MAWSON INFRASTRUCTURE GROUP (MIGI) Stock Technical Analysis
NASDAQ:MIGI - Nasdaq - US57778N3070 - Common Stock - Currency: USD
Overall MIGI gets a technical rating of 1 out of 10. MIGI 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MIGI is a bad performer in the overall market: 95% of all stocks are doing better.
MIGI is part of the Software industry. There are 282 other stocks in this industry, of which 84% are performing better than MIGI.
MIGI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MIGI has a been trading in the 0.38 - 0.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MIGI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.53, a Stop Loss order could be placed below this zone.
More info and screens
0.38
0.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.53 to 0.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.38 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @0.56 from a trend line in the daily time frame.
- Resistance @0.59 from a trend line in the daily time frame.
- Resistance @0.60 from a horizontal line in the weekly time frame.
- Resistance @0.61 from a horizontal line in the daily 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 MIGI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MIGI is neutral. |
| ChartMill Relative Strength | 5.33 | NEGATIVE | MIGI has a low relative strength, it was outperformed by 94.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MIGI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MIGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.75 | NEUTRAL | The RSI value for MIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MIGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.61 | NEUTRAL | The Stochastics value for MIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 12.09 | HIGH VOLATILITY | The high ATR as a percentage value for MIGI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.92 | POSITIVE | The high ADX value value for MIGI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.54
0 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.02%
1 Week-8.77%
2 Weeks-3.5%
1 Month22.7%
3 Month-10.45%
6 Month-37.35%
12 Month-58.46%
2 Year-70.49%
3 Year-90.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%12.09%
ATR Inc-46.1%
Range Today0.05
ADR(20)0.06
ADR(20)%11.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.33
Mansfield-4.73
10 Day High0.65
10 Day Low0.51
20 Day High0.65
20 Day Low0.38
52 Week High2.45
52 Week Low0.35
CS1 End0.53
CR1 Start0.56
Volume & EV
DER(3)-16.17%
DER(5)-12.87%
Volume90.10K
Volume Incr-52.89%
Vol(5)276.46K
Vol(50)391.37K