MICROALGO INC (MLGO) Stock Technical Analysis
NASDAQ:MLGO • KYG6077Y4005
We assign a technical rating of 0 out of 10 to MLGO. MLGO 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MLGO is a bad performer in the overall market: 99% of all stocks are doing better.
- MLGO is part of the IT Services industry. There are 86 other stocks in this industry, of which 88% are performing better than MLGO.
- MLGO 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 MLGO has a been trading in the 3.35 - 4.83 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.
Although the technical rating is bad, MLGO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.85. Right above this resistance zone may be a good entry point.
More info and screens
3.47
2 important resistance areas can be observed.
- A resistance zone ranging from 3.85 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.42 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 MLGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLGO is down. |
| ChartMill Relative Strength | 1.84 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 98.16% 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) | 37.47 | NEUTRAL | The RSI value for MLGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MLGO has a positive trend. |
| Stochastics (14,3) | 19.58 | OVERSOLD | The low Stochastics value suggests MLGO may be oversold. |
| Average True Range in percent/ATR (20) | 9.7 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.66 | NEUTRAL | The ADX value for MLGO suggests a possible start of a new trend. |
NASDAQ:MLGO (3/2/2026, 8:00:00 PM)
3.51
-0.06 (-1.68%)
MICROALGO INC / MLGO FAQ
Can you provide the ChartMill technical rating for MICROALGO INC?
ChartMill assigns a technical rating of 0 / 10 to MLGO.
What is the trend direction for MLGO stock?
The current trend direction for MICROALGO INC (MLGO) is Bearish.
What is the RSI signal for MLGO stock?
MICROALGO INC (MLGO) has an RSI value of 37.4702. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MICROALGO INC?
The short term momentum for MICROALGO INC (MLGO) is negative.
Can you provide the support and resistance levels for MICROALGO INC?
MICROALGO INC (MLGO) has a resistance level at 3.85. Check the full technical report for our detailed analysis of MLGO support and resistance levels.