MAWSON INFRASTRUCTURE GROUP (MIGI) Stock Technical Analysis
NASDAQ:MIGI - Nasdaq - US57778N3070 - Common Stock - Currency: USD
We assign a technical rating of 2 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than MIGI.
MIGI is part of the Software industry. There are 283 other stocks in this industry, of which 65% are performing better than MIGI.
MIGI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MIGI is lagging the market.
In the last month MIGI has a been trading in the 0.55 - 0.78 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
MIGI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.57, a Stop Loss order could be placed below this zone.
More info and screens
0.56
0.72
When analyzing the support we notice one important area.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.67 from a trend line in the daily time frame.
- Resistance @0.71 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 | 20.36 | NEGATIVE | MIGI has a low relative strength, it was outperformed by 79.64% 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) | UP | POSITIVE | The current price of MIGI is above the rising 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) | 48.27 | 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) | 13.27 | OVERSOLD | The low Stochastics value suggests MIGI may be oversold. |
| Average True Range in percent/ATR (20) | 11.93 | HIGH VOLATILITY | The high ATR as a percentage value for MIGI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.65 | 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)
0.5753
+0.01 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.91%
1 Week0.03%
2 Weeks-8.39%
1 Month-6.91%
3 Month24.79%
6 Month-56.42%
12 Month-55.05%
2 Year-69.56%
3 Year-91.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%11.93%
ATR Inc-48.51%
Range Today0.03
ADR(20)0.07
ADR(20)%11.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.36
Mansfield-4.83
10 Day High0.65
10 Day Low0.55
20 Day High0.78
20 Day Low0.55
52 Week High2.45
52 Week Low0.35
CS1 End0.57
CR1 Start0.63
Volume & EV
DER(3)-13.1%
DER(5)1.32%
Volume242.30K
Volume Incr-5.27%
Vol(5)264.22K
Vol(50)570.32K