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 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.
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5.31
When analyzing the resistance we notice 3 important areas.
- Resistance @5.48 from a horizontal line in the daily time frame.
- Resistance @5.60 from a trend line in the daily time frame.
- Resistance @6.20 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 | 2.4 | NEGATIVE | MLGO has a low relative strength, it was outperformed by 97.6% 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) | 40.75 | 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) | 38.89 | NEUTRAL | The Stochastics value for MLGO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.56 | HIGH VOLATILITY | The high ATR as a percentage value for MLGO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for MLGO suggests a possible start of a new trend. |
5.36
+0.08 (+1.52%)
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 40.7487. 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 5.48. Check the full technical report for our detailed analysis of MLGO support and resistance levels.