7.08 USD
+0.1 (+1.43%)
7.04 USD
-0.04 (-0.56%)
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MLGO is a bad performer in the overall market: 97% of all stocks are doing better.
MLGO is one of the lesser performing stocks in the IT Services industry. 80% of 85 stocks in the same industry do better.
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.
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.
In the last month MLGO has a been trading in the 6.00 - 8.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MLGO has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
7.01
8.18
3 important resistance areas can be observed.
- A resistance zone ranging from 7.09 to 7.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.79 from a trend line in the daily time frame.
- Resistance @8.10 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 | 3.26 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 96.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MLGO is above 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) | 46.49 | NEUTRAL | The RSI value for MLGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MLGO has a positive trend. |
| Stochastics (14,3) | 74.66 | NEUTRAL | The Stochastics value for MLGO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for MLGO suggests a strong 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)
7.08
+0.1 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.43%
1 Week8.92%
2 Weeks8.26%
1 Month-19.09%
3 Month-20.27%
6 Month-72.56%
12 Month-89.96%
2 Year-99.87%
3 Year-99.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%7.46%
ATR Inc29.64%
Range Today0.7
ADR(20)0.51
ADR(20)%7.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.26
3 months CRS12.76
6 months CRS1.72
Mansfield-9.2
10 Day High7.3
10 Day Low6.2
20 Day High8.73
20 Day Low6
52 Week High972
52 Week Low6
CS1 EndN/A
CR1 Start7.09
Volume & EV
DER(3)-1%
DER(5)0.43%
Volume122.60K
Volume Incr-33.74%
Vol(5)105.38K
Vol(50)190.00K
MICROALGO INC / MLGO FAQ
Can you provide the ChartMill technical rating for MICROALGO INC?
ChartMill assigns a technical rating of 0 / 10 to MLGO.
Can you provide the trend direction for MICROALGO INC?
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 46.4905. This indicates that the stock is currently neutral.
What is the MACD signal for MLGO stock?
The MACD indicator for MICROALGO INC (MLGO) has a value of 0.144751, indicating a bearish trend.
What is the buy/sell signal for MICROALGO INC (MLGO) stock?
The buy/sell signal for MICROALGO INC (MLGO) is sell as both the short term and long term trends are negative.