MAWSON INFRASTRUCTURE GROUP (MIGI) Stock Technical Analysis
NASDAQ:MIGI - Nasdaq - US57778N3070 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MIGI. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MIGI is a bad performer in the overall market: 97% of all stocks are doing better.
MIGI is one of the lesser performing stocks in the Software industry. 87% of 282 stocks in the same industry do better.
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 - 0.68 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MIGI has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.39
0.60
We can see 2 important resistance areas.
- Resistance @0.45 from a trend line in the daily time frame.
- Resistance @0.59 from a trend 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 | DOWN | NEGATIVE | The short term trend for MIGI is down. |
| ChartMill Relative Strength | 3.94 | NEGATIVE | MIGI has a low relative strength, it was outperformed by 96.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MIGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MIGI is below 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) | 35.22 | NEUTRAL | The RSI value for MIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MIGI has a negative trend. |
| Stochastics (14,3) | 10.24 | OVERSOLD | The low Stochastics value suggests MIGI may be oversold. |
| Average True Range in percent/ATR (20) | 14.28 | HIGH VOLATILITY | The high ATR as a percentage value for MIGI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for MIGI suggests a possible start of a new 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)
0.3893
-0.05 (-11.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-11.54%
1 Week-9.68%
2 Weeks-21.35%
1 Month-33.7%
3 Month-22.91%
6 Month-57.7%
12 Month-72.78%
2 Year-79.4%
3 Year-94.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%14.28%
ATR Inc-17.73%
Range Today0.05
ADR(20)0.05
ADR(20)%13.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.94
Mansfield-6.39
10 Day High0.48
10 Day Low0.38
20 Day High0.68
20 Day Low0.38
52 Week High2.45
52 Week Low0.35
CS1 EndN/A
CR1 Start0.45
Volume & EV
DER(3)-5.04%
DER(5)-0.25%
Volume362.60K
Volume Incr32.71%
Vol(5)359.92K
Vol(50)282.71K