Overall MLGO gets a technical rating of 0 out of 10. MLGO'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.
The technical rating of MLGO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
4.38
2 important resistance areas can be observed.
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 MLGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLGO is down. |
| ChartMill Relative Strength | 1.76 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 98.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.94 | OVERSOLD | The low RSI value suggests MLGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MLGO has a negative trend. |
| Stochastics (14,3) | 2.07 | OVERSOLD | The low Stochastics value suggests MLGO may be oversold. |
| Average True Range in percent/ATR (20) | 10.43 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.54 | NEUTRAL | The ADX value for MLGO suggests a possible start of a new trend. |
4.42
-0.57 (-11.42%)
ChartMill assigns a technical rating of 0 / 10 to MLGO.
The current trend direction for MICROALGO INC (MLGO) is Bearish.
MICROALGO INC (MLGO) has an RSI value of 23.9413. This indicates that the stock is currently oversold.
The short term momentum for MICROALGO INC (MLGO) is negative.
MICROALGO INC (MLGO) has a resistance level at 6.13. Check the full technical report for our detailed analysis of MLGO support and resistance levels.