MULTI WAYS HOLDINGS LTD-CL A (MWG) Technical Analysis
NYSEARCA:MWG • KYG6362F1164
Current stock price
MWG Technical Rating and Analysis
Taking everything into account, MWG scores 1 out of 10 in our technical rating. MWG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, MWG is a bad performer in the overall market: 86% of all stocks are doing better.
- MWG is part of the Trading Companies & Distributors industry. There are 46 other stocks in this industry, of which 75% are performing better than MWG.
- MWG 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.
- 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.
- In the last month MWG has a been trading in the 1.56 - 2.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MWG Weekly and Daily overview Charts
MWG Setup Rating and Analysis
Although the technical rating is bad, MWG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.14, 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
MWG Support and Resistance Analysis
1.91
2 important support areas can be observed.
- A support zone ranging from 2.13 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.93 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.17 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.44 from a trend line in the weekly time frame.
MWG Technical Indicator Signal Analysis
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 MWG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MWG is neutral. |
| ChartMill Relative Strength | 14.58 | NEGATIVE | MWG has a low relative strength, it was outperformed by 85.42% off all stocks 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) | DOWN | MIXED | The current price of MWG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MWG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for MWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MWG has a positive trend. |
| Stochastics (14,3) | 63.66 | NEUTRAL | The Stochastics value for MWG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.26 | HIGH VOLATILITY | The high ATR as a percentage value for MWG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for MWG suggests a weak or negative trend. |
MWG Chart- and CandleStick Pattern Analysis
MWG Technicals: Chart, Performance Metrics, Trend & Indicators
2.1499
+0.2 (+10.25%)
MULTI WAYS HOLDINGS LTD-CL A / MWG TA FAQ
What is the ChartMill technical rating of MULTI WAYS HOLDINGS LTD-CL A (MWG) stock?
ChartMill assigns a technical rating of 1 / 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.
Can you provide the RSI signal for MULTI WAYS HOLDINGS LTD-CL A?
MULTI WAYS HOLDINGS LTD-CL A (MWG) has an RSI value of 57.1694. This indicates that the stock is currently neutral.
What is the short term momentum for MWG stock?
The short term momentum for MULTI WAYS HOLDINGS LTD-CL A (MWG) is neutral.