YAK Technical Analysis - MONGOLIA GROWTH GROUP LTD

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to YAK. In the last year, YAK was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, YAK is a bad performer in the overall market: 84% of all stocks are doing better.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

YAK is part of the Real Estate Management & Development industry. There are 29 other stocks in this industry, YAK did better than 50% of them.

YAK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so YAK is lagging the market.

In the last month YAK has a been trading in a tight range between 1.21 and 1.27.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MONGOLIA GROWTH GROUP LTD / YAK Weekly stock chart

MONGOLIA GROWTH GROUP LTD / YAK Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, YAK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.24, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.11

1.32

When analyzing the support we can see 3 important areas.

A support zone ranging from 1.22 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.20 from a horizontal line in the daily time frame.
Support @1.12 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.25 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for YAK.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for YAK.CA is neutral.
ChartMill Relative Strength	16.3	NEGATIVE	YAK.CA has a low relative strength, it was outperformed by 83.7% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of YAK.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of YAK.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of YAK.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	53.81	NEUTRAL	The RSI value for YAK.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests YAK.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.89	NEUTRAL	The Stochastics value for YAK.CA is a neutral value.
Average True Range in percent/ATR (20)	1.52	LOW VOLATILITY	The low ATR as a percentage value for YAK.CA suggests low volalility.
Average Directional Index/ADX (14)	9.31	NEGATIVE	The low ADX value for YAK.CA suggests a weak or negative trend.