TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Technical Analysis
USA - NYSE:MODG - US1311931042 - Common Stock
Taking everything into account, MODG scores 6 out of 10 in our technical rating. In the last year, MODG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
MODG has an average technical rating and also the quality of the setup is 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.
More info and screens
8.12
We found 3 important support areas.
- Support @8.79 from a trend line in the daily time frame.
- A support zone ranging from 8.38 to 8.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.99 to 10.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MODG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MODG is neutral. |
| ChartMill Relative Strength | 55.16 | NEUTRAL | MODG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MODG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MODG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MODG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.92 | NEUTRAL | The RSI value for MODG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MODG has a negative trend. |
| Stochastics (14,3) | 50.64 | NEUTRAL | The Stochastics value for MODG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MODG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for MODG suggests a weak or negative trend. |
9.41
+0.24 (+2.62%)
TOPGOLF CALLAWAY BRANDS CORP / MODG FAQ
What is the technical rating for MODG stock?
ChartMill assigns a technical rating of 6 / 10 to MODG.
What is the trend direction for MODG stock?
The current trend direction for TOPGOLF CALLAWAY BRANDS CORP (MODG) is Bullish.
Can you provide the RSI signal for TOPGOLF CALLAWAY BRANDS CORP?
TOPGOLF CALLAWAY BRANDS CORP (MODG) has an RSI value of 48.9212. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TOPGOLF CALLAWAY BRANDS CORP?
The MACD indicator for TOPGOLF CALLAWAY BRANDS CORP (MODG) has a value of -0.00906035, indicating a bearish trend.
What are the support and resistance levels for TOPGOLF CALLAWAY BRANDS CORP (MODG) stock?
TOPGOLF CALLAWAY BRANDS CORP (MODG) has a support level at 8.79 and a resistance level at 9.99. Check the full technical report for our detailed analysis of MODG support and resistance levels.