MULTI WAYS HOLDINGS LTD (MWG) Stock Technical Analysis
USA - NYSEARCA:MWG - KYG6362F1081 - Common Stock
0.2969 USD
-0.01 (-2.3%)
0.299 USD
+0 (+0.71%)
Overall MWG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MWG is a bad performer.
83% of all other stocks performed better in the past year than MWG.
MWG is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry, of which 75% are performing better than MWG.
Both the short term and long term trends are positive. This is a very positive sign.
MWG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MWG is lagging the market.
In the last month MWG has a been trading in the 0.23 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MWG has an excellent technical rating and also presents 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.
More info and screens
0.21
0.35
We found 3 important support 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 @0.22 from a horizontal line in the weekly time frame.
- Support @0.21 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @0.34 from a horizontal line in the weekly time frame.
- Resistance @0.35 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 MWG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MWG is up. |
| ChartMill Relative Strength | 17.4 | NEGATIVE | MWG has a low relative strength, it was outperformed by 82.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MWG is below 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) | UP | POSITIVE | The current price of MWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.07 | 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. |
| Stochastics (14,3) | 33.39 | NEUTRAL | The Stochastics value for MWG is a neutral value. |
| Average True Range in percent/ATR (20) | 12.56 | HIGH VOLATILITY | The high ATR as a percentage value for MWG suggests high volalility. |
| Average Directional Index/ADX (14) | 37.34 | POSITIVE | The high ADX value value for MWG 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.32 | 0.27 | 0.05 (15.93%) | 6.28% |
| An entry @0.32. This is a Buy Stop order right above the 10 day moving average. | An exit @0.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 15.93%. | For a 1.00% total portfolio risk, you can invest 6.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.2969
-0.01 (-2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-2.3%
1 Week-1.46%
2 Weeks-4.9%
1 Month24.23%
3 Month12.04%
6 Month-9.98%
12 Month-30.92%
2 Year-28.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%12.56%
ATR Inc-57.51%
Range Today0.01
ADR(20)0.03
ADR(20)%11.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.4
Mansfield-0.55
10 Day High0.35
10 Day Low0.28
20 Day High0.39
20 Day Low0.23
52 Week High0.44
52 Week Low0.21
CS1 End0.28
CR1 Start0.34
Volume & EV
DER(3)-8.31%
DER(5)3.61%
Volume81.10K
Volume Incr-86.36%
Vol(5)213.76K
Vol(50)678.75K