MICROALGO INC (MLGO) Stock Technical Analysis
NASDAQ:MLGO - Nasdaq - KYG6077Y3015 - Common Stock - Currency: USD
Taking everything into account, MLGO scores 0 out of 10 in our technical rating. 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: 100% of all stocks are doing better.
MLGO is part of the IT Services industry. There are 82 other stocks in this industry, of which 91% are performing better than MLGO.
MLGO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MLGO is lagging the market.
In the last month MLGO has a been trading in the 1.06 - 3.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MLGO has an average volume of 27946100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MLGO has a poor technical rating and the quality of the setup is also not perfect 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
1.07
1.09
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 | 0.34 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 99.66% 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) | 33 | NEUTRAL | The RSI value for MLGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests MLGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 3.96 | OVERSOLD | The low Stochastics value suggests MLGO may be oversold. |
| Average True Range in percent/ATR (20) | 41.92 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 10.13 | NEGATIVE | The low ADX value for MLGO suggests a weak or negative 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)
1.08
-0.07 (-6.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-6.09%
1 Week-20%
2 Weeks-41.62%
1 Month-53.85%
3 Month-73.4%
6 Month-54.04%
12 Month-98.66%
2 Year-99.77%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%41.92%
ATR Inc-62.02%
Range Today0.16
ADR(20)0.45
ADR(20)%41.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.34
Mansfield-9.48
10 Day High2.05
10 Day Low1.06
20 Day High3.48
20 Day Low1.06
52 Week High509.6
52 Week Low1.06
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-8.71%
DER(5)-8.13%
Volume36.01M
Volume Incr-16.57%
Vol(5)36.17M
Vol(50)27.95M