MOGO INC (MOGO) Stock Technical Analysis
NASDAQ:MOGO - Nasdaq - CA60800C2085 - Common Stock - Currency: USD
Taking everything into account, MOGO scores 4 out of 10 in our technical rating. MOGO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MOGO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MOGO has a been trading in the 1.15 - 1.63 range, which is quite wide. It is currently trading near the lows of this range.
MOGO has an average volume of 2946250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that MOGO is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MOGO is part of the Consumer Finance industry. There are 52 other stocks in this industry, MOGO did better than 50% of them.
Considerably lower volume is observed in the last couple of days.
MOGO has an average technical rating and also the quality of the setup is only medium 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
1.16
1.62
When analyzing the support we notice one important area.
- A support zone ranging from 1.17 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @1.39 from a trend line in the weekly time frame.
- Resistance @1.44 from a trend line in the weekly time frame.
- Resistance @1.60 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 | NEUTRAL | NEUTRAL | The long term trend for MOGO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MOGO is neutral. |
| ChartMill Relative Strength | 73.78 | POSITIVE | MOGO has a high relative strength, it outperformed 73.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MOGO is below 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) | DOWN | MIXED | The current price of MOGO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.91 | NEUTRAL | The RSI value for MOGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MOGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.41 | NEUTRAL | The Stochastics value for MOGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for MOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.75 | 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)
1.25
+0.07 (+5.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg5.93%
1 Week2.46%
2 Weeks-3.85%
1 Month-13.79%
3 Month38.89%
6 Month-3.85%
12 Month-14.97%
2 Year-38.91%
3 Year-51.52%
5 Year-55.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.65%
ATR Inc24.03%
Range Today0.13
ADR(20)0.08
ADR(20)%6.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.78
Mansfield-0.22
10 Day High1.31
10 Day Low1.15
20 Day High1.63
20 Day Low1.15
52 Week High2.73
52 Week Low0.74
CS1 End1.18
CR1 Start1.39
Volume & EV
DER(3)9.05%
DER(5)4.75%
Volume110.60K
Volume Incr-52.76%
Vol(5)138.04K
Vol(50)2.95M