MLGO Technical Analysis - MICROALGO INC

Technical Rating and Analysis

Overall MLGO gets a technical rating of 1 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 negative, as is the long term trend. There should be more interesting stocks out there.

99% of all other stocks performed better in the past year than MLGO.

MLGO is part of the IT Services industry. There are 86 other stocks in this industry, of which 83% are performing better than MLGO.

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 9.02 - 12.50 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MLGO has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.13

9.31

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Technical Indicator Signal Analysis

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	1.4	NEGATIVE	MLGO has a low relative strength, it was outperformed by 98.6% 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)	UP	MIXED	The current price of MLGO is below the rising 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)	42.51	NEUTRAL	The RSI value for MLGO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests MLGO has a negative trend.
Stochastics (14,3)	24.63	NEUTRAL	The Stochastics value for MLGO is a neutral value.
Average True Range in percent/ATR (20)	9.21	HIGH VOLATILITY	The high ATR as a percentage value for MLGO suggests high volalility.
Average Directional Index/ADX (14)	18.16	NEGATIVE	The low ADX value for MLGO suggests a weak or negative trend.