We assign a technical rating of 4 out of 10 to MWG. In the last year, MWG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MWG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MWG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.25 from a horizontal line in the daily time frame.
- A support zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for MWG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MWG is neutral. |
| ChartMill Relative Strength | 34.13 | NEUTRAL | MWG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MWG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MWG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.75 | NEUTRAL | The RSI value for MWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MWG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.27 | OVERSOLD | The low Stochastics value suggests MWG may be oversold. |
| Average True Range in percent/ATR (20) | 14.21 | HIGH VOLATILITY | The high ATR as a percentage value for MWG suggests high volalility. |
| Average Directional Index/ADX (14) | 44.48 | POSITIVE | The high ADX value value for MWG suggests a strong trend. |
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MULTI WAYS HOLDINGS LTD-CL A / MWG FAQ
What is the ChartMill technical rating of MULTI WAYS HOLDINGS LTD-CL A (MWG) stock?
ChartMill assigns a technical rating of 4 / 10 to MWG.
What is the trend direction for MWG stock?
The current trend direction for MULTI WAYS HOLDINGS LTD-CL A (MWG) is Bearish.
What is the RSI signal for MWG stock?
MULTI WAYS HOLDINGS LTD-CL A (MWG) has an RSI value of 51.7486. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MULTI WAYS HOLDINGS LTD-CL A?
MULTI WAYS HOLDINGS LTD-CL A (MWG) has a support level at 0.28 and a resistance level at 0.29. Check the full technical report for our detailed analysis of MWG support and resistance levels.