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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MODG did better than 94% of all other stocks.
- MODG is part of the Leisure Products industry. There are 31 other stocks in this industry. MODG outperforms 96% of them.
- A new 52 week high is currently being made by MODG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MODG has a been trading in the 11.29 - 15.02 range, which is quite wide. It is currently trading near the high of this range.
- MODG has an average volume of 3114080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MODG has an excellent technical rating, it does not offer a high quality setup 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
When analyzing the support we can see 4 important areas.
- Support @12.49 from a trend line in the daily time frame.
- A support zone ranging from 11.89 to 11.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.43 from a trend line in the weekly time frame.
- Support @8.20 from a horizontal 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 | 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 | 94.98 | POSITIVE | MODG has a high relative strength, it outperformed 94.98% 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) | 78.75 | OVERBOUGHT | The high RSI value suggests MODG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MODG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.76 | OVERBOUGHT | The high Stochastics value suggests MODG may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for MODG suggests some volalility. |
| Average Directional Index/ADX (14) | 32.08 | POSITIVE | The high ADX value value for MODG suggests a strong trend. |
14.68
+0.08 (+0.55%)
TOPGOLF CALLAWAY BRANDS CORP / MODG FAQ
What is the technical rating for MODG stock?
ChartMill assigns a technical rating of 10 / 10 to MODG.
Can you provide the trend direction for TOPGOLF CALLAWAY BRANDS CORP?
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 78.7494. This indicates that the stock is currently overbought.
What is the MACD signal for TOPGOLF CALLAWAY BRANDS CORP (MODG) stock?
The MACD indicator for TOPGOLF CALLAWAY BRANDS CORP (MODG) has a value of 0.208882, indicating a bearish trend.
Can you provide the support and resistance levels for TOPGOLF CALLAWAY BRANDS CORP?
TOPGOLF CALLAWAY BRANDS CORP (MODG) has a support level at 12.49. Check the full technical report for our detailed analysis of MODG support and resistance levels.