MOGO INC (MOGO) Stock Technical Analysis
NASDAQ:MOGO - Nasdaq - CA60800C2085 - Common Stock - Currency: USD
Overall MOGO gets a technical rating of 7 out of 10. In the last year, MOGO was one of the better performers, but we do observe some doubts in the very recent evolution.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MOGO is part of the Consumer Finance industry. There are 53 other stocks in this industry. MOGO outperforms 73% of them.
MOGO has an average volume of 6166260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MOGO did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MOGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MOGO is lagging the market.
In the last month MOGO has a been trading in the 1.55 - 2.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MOGO has an excellent technical rating, it does not present a decent entry opportunity 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
1.44
2.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.66 to 1.67. 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 1.55 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.45 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.79 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.18 from a horizontal line in the weekly 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 MOGO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MOGO is neutral. |
| ChartMill Relative Strength | 89.31 | POSITIVE | MOGO has a high relative strength, it outperformed 89.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MOGO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MOGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MOGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.16 | NEUTRAL | The RSI value for MOGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MOGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for MOGO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for MOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.54 | POSITIVE | The high ADX value value for MOGO suggests a strong 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)
1.78
+0.03 (+1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg1.71%
1 Week8.54%
2 Weeks9.88%
1 Month-10.55%
3 Month39.06%
6 Month42.97%
12 Month36.4%
2 Year19.46%
3 Year-47.49%
5 Year-65.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%5.71%
ATR Inc-7.74%
Range Today0.07
ADR(20)0.1
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.31
Mansfield2.84
10 Day High1.8
10 Day Low1.55
20 Day High2.11
20 Day Low1.55
52 Week High3.83
52 Week Low0.74
CS1 End1.67
CR1 Start1.79
Volume & EV
DER(3)-0.66%
DER(5)-3.43%
Volume310.10K
Volume Incr-63.43%
Vol(5)317.70K
Vol(50)6.17M