MAJESTIC IDEAL HOLDINGS LTD (MJID) Stock Technical Analysis
NASDAQ:MJID - KYG5880S1057 - Common Stock
1.21 USD
-0.05 (-3.97%)
1.25 USD
+0.04 (+3.31%)
Overall MJID gets a technical rating of 2 out of 10. In the last year, MJID was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, MJID is a bad performer in the overall market: 100% of all stocks are doing better.
MJID is part of the Distributors industry. There are 20 other stocks in this industry, of which 73% are performing better than MJID.
In the last month MJID has a been trading in the 1.18 - 1.98 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Although the technical rating is bad, MJID 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.
More info and screens
1.20
1.79
We can see 2 important resistance areas.
- Resistance @1.31 from a horizontal line in the daily time frame.
- Resistance @1.77 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 | UP | POSITIVE | The long term trend for MJID is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MJID is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MJID has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MJID is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 31.03 | NEUTRAL | The RSI value for MJID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MJID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.04 | OVERSOLD | The low Stochastics value suggests MJID may be oversold. |
| Average True Range in percent/ATR (20) | 18.36 | HIGH VOLATILITY | The high ATR as a percentage value for MJID suggests high volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for MJID 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)
1.21
-0.05 (-3.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-3.97%
1 Week-5.47%
2 Weeks-15.38%
1 Month-30.46%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%18.36%
ATR Inc-54.23%
Range Today0.14
ADR(20)0.21
ADR(20)%17.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.81
10 Day Low1.18
20 Day High1.98
20 Day Low1.18
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start1.31
Volume & EV
DER(3)0.62%
DER(5)2.06%
Volume1.64M
Volume Incr5.74%
Vol(5)1.31M
Vol(50)N/A