TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Technical Analysis
NYSE:MODG - New York Stock Exchange, Inc. - US1311931042 - Common Stock - Currency: USD
Overall MODG gets a technical rating of 0 out of 10. MODG'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.
90% of all other stocks performed better in the past year than MODG.
MODG is part of the Leisure Products industry. There are 30 other stocks in this industry, of which 75% are performing better than MODG.
MODG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MODG is lagging the market.
In the last month MODG has a been trading in the 5.87 - 8.05 range, which is quite wide. It is currently trading near the lows of this range.
MODG has an average volume of 2834830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, MODG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.50. Right above this resistance zone may be a good entry point.
More info and screens
5.50
7.82
We found 3 important support areas.
- Support @6.16 from a horizontal line in the weekly time frame.
- Support @6.00 from a trend line in the daily time frame.
- Support @5.56 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 6.50 to 6.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.89 from a trend line in the weekly time frame.
- Resistance @7.35 from a horizontal line in the weekly time frame.
- Resistance @7.50 from a trend line in the daily time frame.
- Resistance @7.74 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 MODG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MODG is neutral. |
| ChartMill Relative Strength | 10.77 | NEGATIVE | MODG has a low relative strength, it was outperformed by 89.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MODG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MODG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MODG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.83 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 52.38 | NEUTRAL | The Stochastics value for MODG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for MODG suggests high volalility. |
| Average Directional Index/ADX (14) | 10.71 | NEGATIVE | The low ADX value for MODG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.43
-0.01 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-0.16%
1 Week1.42%
2 Weeks1.58%
1 Month-10.45%
3 Month1.9%
6 Month-19.83%
12 Month-58.11%
2 Year-67.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%6.16%
ATR Inc-37.93%
Range Today0.23
ADR(20)0.36
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.77
Mansfield-3.48
10 Day High6.62
10 Day Low5.87
20 Day High8.05
20 Day Low5.87
52 Week High16.89
52 Week Low5.42
CS1 End6.16
CR1 Start6.5
Volume & EV
DER(3)-0.4%
DER(5)-0.67%
Volume1.97M
Volume Incr-9.35%
Vol(5)2.54M
Vol(50)2.83M