MAWSON INFRASTRUCTURE GROUP (MIGI) Technical Analysis
NASDAQ:MIGI • US57778N4060
Current stock price
MIGI Technical Rating and Analysis
Overall MIGI gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MIGI was also a bad performer in the overall market in the last year.
- 89% of all other stocks performed better in the past year 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 1.70 - 5.14 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MIGI is part of the Software industry. There are 271 other stocks in this industry, MIGI did better than 51% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MIGI Weekly and Daily overview Charts
MIGI Setup Rating and Analysis
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
MIGI Support and Resistance Analysis
4.22
When analyzing the resistance we notice one important area.
- Resistance @4.44 from a horizontal line in the daily time frame.
MIGI Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for MIGI is up. |
| ChartMill Relative Strength | 11.37 | NEGATIVE | MIGI has a low relative strength, it was outperformed by 88.63% 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) | 71.17 | OVERBOUGHT | The high RSI value suggests MIGI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests MIGI has a positive trend. |
| Stochastics (14,3) | 78.04 | NEUTRAL | The Stochastics value for MIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.78 | HIGH VOLATILITY | The high ATR as a percentage value for MIGI suggests high volalility. |
| Average Directional Index/ADX (14) | 43.28 | POSITIVE | The high ADX value value for MIGI suggests a strong trend. |
MIGI Chart- and CandleStick Pattern Analysis
MIGI Technicals: Chart, Performance Metrics, Trend & Indicators
4.26
-0.17 (-3.84%)
MAWSON INFRASTRUCTURE GROUP / MIGI TA FAQ
Can you provide the ChartMill technical rating for MAWSON INFRASTRUCTURE GROUP?
ChartMill assigns a technical rating of 2 / 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.
Can you provide the RSI signal for MAWSON INFRASTRUCTURE GROUP?
MAWSON INFRASTRUCTURE GROUP (MIGI) has an RSI value of 71.1663. This indicates that the stock is currently overbought.
What is the MACD signal for MIGI stock?
The MACD indicator for MAWSON INFRASTRUCTURE GROUP (MIGI) has a value of 0.296988, indicating a bearish trend.
Can you provide the short term momentum for MAWSON INFRASTRUCTURE GROUP?
The short term momentum for MAWSON INFRASTRUCTURE GROUP (MIGI) is positive.