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.
MODG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.71. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.12
We found 5 important support areas.
- Support @11.18 from a horizontal line in the daily time frame.
- Support @9.75 from a trend line in the daily time frame.
- Support @9.20 from a trend line in the weekly time frame.
- Support @8.74 from a trend line in the daily time frame.
- 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 12.71 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 | 91.67 | POSITIVE | MODG has a high relative strength, it outperformed 91.67% 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) | 57.27 | NEUTRAL | The RSI value for MODG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MODG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.61 | NEUTRAL | The Stochastics value for MODG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MODG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for MODG suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.36 | 11.23 | 1.13 (9.14%) | 10.94% |
| An entry @12.36. This is a Buy Stop order right above the 10 day high. | An exit @11.23. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.13 points, which is 9.14%. | For a 1.00% total portfolio risk, you can invest 10.94% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.93
+0.11 (+0.93%)
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 57.2701. 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 -0.0368763, 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 11.18 and a resistance level at 12.71. Check the full technical report for our detailed analysis of MODG support and resistance levels.