MOGO INC (MOGO) Stock Technical Analysis
USA - NASDAQ:MOGO - CA60800C2085 - Common Stock
Taking everything into account, MOGO scores 0 out of 10 in our technical rating. MOGO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of MOGO is bad and it also does not present a 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
1.24
4 important resistance areas can be observed.
- Resistance @1.79 from a trend line in the daily time frame.
- Resistance @1.89 from a trend line in the weekly time frame.
- Resistance @2.04 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for MOGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MOGO is down. |
| ChartMill Relative Strength | 18.36 | NEGATIVE | MOGO has a low relative strength, it was outperformed by 81.64% 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) | DOWN | NEGATIVE | The current price of MOGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MOGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.13 | OVERSOLD | The low RSI value suggests MOGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MOGO has a negative trend. |
| Stochastics (14,3) | 6.03 | OVERSOLD | The low Stochastics value suggests MOGO may be oversold. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for MOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 48.71 | POSITIVE | The high ADX value value for MOGO suggests a strong trend. |
1.25
-0.09 (-6.72%)
MOGO INC / MOGO FAQ
What is the ChartMill technical rating of MOGO INC (MOGO) stock?
ChartMill assigns a technical rating of 0 / 10 to MOGO.
What is the trend direction for MOGO stock?
The current trend direction for MOGO INC (MOGO) is Bearish.
What is the RSI signal for MOGO stock?
MOGO INC (MOGO) has an RSI value of 20.1277. This indicates that the stock is currently oversold.
What is the buy/sell signal for MOGO stock?
The buy/sell signal for MOGO INC (MOGO) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MOGO INC?
MOGO INC (MOGO) has a resistance level at 1.79. Check the full technical report for our detailed analysis of MOGO support and resistance levels.