MAWSON INFRASTRUCTURE GROUP (MIGI) Stock Technical Analysis
NASDAQ:MIGI • US57778N4060
Overall MIGI gets a technical rating of 0 out of 10. MIGI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than MIGI.
- MIGI is one of the lesser performing stocks in the Software industry. 78% of 276 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- MIGI has an average volume of 1848140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MIGI has a been trading in the 2.01 - 5.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MIGI is bad and it also does not present a quality setup 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
2.77
We found 1 important support area.
- Support @2.80 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.06 to 3.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.89 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 | 4.68 | NEGATIVE | MIGI has a low relative strength, it was outperformed by 95.32% 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) | 38.32 | NEUTRAL | The RSI value for MIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MIGI has a positive trend. |
| Stochastics (14,3) | 42.25 | NEUTRAL | The Stochastics value for MIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 16.81 | HIGH VOLATILITY | The high ATR as a percentage value for MIGI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.61 | POSITIVE | The high ADX value value for MIGI suggests a strong trend. |
3.05
+0.01 (+0.33%)
MAWSON INFRASTRUCTURE GROUP / MIGI FAQ
Can you provide the ChartMill technical rating for MAWSON INFRASTRUCTURE GROUP?
ChartMill assigns a technical rating of 0 / 10 to MIGI.
What is the current trend direction of MAWSON INFRASTRUCTURE GROUP (MIGI) stock?
The current trend direction for MAWSON INFRASTRUCTURE GROUP (MIGI) is Bearish.
What is the RSI signal for MAWSON INFRASTRUCTURE GROUP (MIGI) stock?
MAWSON INFRASTRUCTURE GROUP (MIGI) has an RSI value of 38.3207. This indicates that the stock is currently neutral.
What is the short term momentum for MAWSON INFRASTRUCTURE GROUP (MIGI) stock?
The short term momentum for MAWSON INFRASTRUCTURE GROUP (MIGI) is negative.
Can you provide the buy/sell signal for MAWSON INFRASTRUCTURE GROUP?
The buy/sell signal for MAWSON INFRASTRUCTURE GROUP (MIGI) is sell as both the short term and long term trends are negative.