TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MODG - US1311931042 - Common Stock
Overall MODG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MODG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MODG has an excellent technical rating, the quality of the presented setup is not ideal 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 4 important support areas.
- A support zone ranging from 11.18 to 11.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.10 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.06 from a trend line in the weekly time frame.
- Support @8.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @11.65 from a trend line in the daily time frame.
- A resistance zone ranging from 12.89 to 12.89. 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 | UP | POSITIVE | The short term trend for MODG is up. |
| ChartMill Relative Strength | 89.47 | POSITIVE | MODG has a high relative strength, it outperformed 89.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MODG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MODG is above 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) | 56.26 | NEUTRAL | The RSI value for MODG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MODG has a negative trend. |
| Stochastics (14,3) | 57.77 | NEUTRAL | The Stochastics value for MODG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for MODG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.01 | NEUTRAL | The ADX value for MODG suggests a possible start of a new trend. |
11.63
+0.13 (+1.13%)
TOPGOLF CALLAWAY BRANDS CORP / MODG FAQ
What is the technical rating for MODG stock?
ChartMill assigns a technical rating of 10 / 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 56.257. 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 -0.0846885, 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 11.33 and a resistance level at 11.65. Check the full technical report for our detailed analysis of MODG support and resistance levels.