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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MLGO is a bad performer in the overall market: 98% of all stocks are doing better.
- MLGO is one of the lesser performing stocks in the IT Services industry. 82% of 88 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.
- In the last month MLGO has a been trading in the 4.30 - 7.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MLGO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MLGO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.70
We found 1 important resistance area.
- Resistance @6.07 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for MLGO is neutral. |
| ChartMill Relative Strength | 2.94 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 97.06% 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) | 48.25 | NEUTRAL | The RSI value for MLGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MLGO has a positive trend. |
| Stochastics (14,3) | 68.9 | NEUTRAL | The Stochastics value for MLGO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for MLGO suggests a possible start of a new trend. |
5.76
-0.3 (-4.95%)
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 48.2496. 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 neutral.
Can you provide the support and resistance levels for MICROALGO INC?
MICROALGO INC (MLGO) has a resistance level at 6.07. Check the full technical report for our detailed analysis of MLGO support and resistance levels.