USA - NASDAQ:MLGO - KYG6077Y4005 - Common Stock
Overall MLGO gets a technical rating of 0 out of 10. 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 technical rating of MLGO is bad and it also does not present a quality setup 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.
6.73
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 | 2.73 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 97.27% 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) | 32.86 | NEUTRAL | The RSI value for MLGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MLGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.27 | OVERSOLD | The low Stochastics value suggests MLGO may be oversold. |
| Average True Range in percent/ATR (20) | 9.31 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.63 | NEGATIVE | The low ADX value for MLGO suggests a weak or negative trend. |
6.8
+0.29 (+4.45%)
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 32.8644. This indicates that the stock is currently neutral.
The MACD indicator for MICROALGO INC (MLGO) has a value of -0.224363, indicating a bearish trend.
The buy/sell signal for MICROALGO INC (MLGO) is sell as both the short term and long term trends are negative.