MAGIC EMPIRE GLOBAL LTD (MEGL) Stock Technical Analysis
NASDAQ:MEGL - Nasdaq - VGG5865E1051 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MEGL. MEGL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, MEGL is a bad performer in the overall market: 79% of all stocks are doing better.
MEGL is one of the lesser performing stocks in the Capital Markets industry. 74% of 222 stocks in the same industry do better.
MEGL 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.
In the last month MEGL has a been trading in the 0.47 - 1.38 range, which is quite wide. It is currently trading near the lows of this range.
MEGL has an average volume of 1934800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Considerably lower volume is observed in the last couple of days.
MEGL 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 very little resistance above the current price. We notice that large players showed an interest for MEGL 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
0.46
0.74
When analyzing the support we can see 5 important areas.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.51 from a trend line in the weekly time frame.
- Support @0.48 from a trend line in the daily time frame.
- Support @0.46 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.65 from a trend line in the weekly time frame.
- Resistance @0.73 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.13
Mansfield-1.16
10 Day High0.66
10 Day Low0.54
20 Day High1.38
20 Day Low0.47
52 Week High1.38
52 Week Low0.41
Performance
1 Week-4.71%
2 Weeks-11.51%
1 Month5.74%
3 Month11.96%
6 Month5.74%
12 Month-28.62%
2 Year-77.78%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)47.73
LBB0.46
UBB0.83
MAGIC EMPIRE GLOBAL LTD
NASDAQ:MEGL (1/29/2025, 2:44:23 PM)
0.57
0 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.18%
1 Week-4.71%
2 Weeks-11.51%
1 Month5.74%
3 Month11.96%
6 Month5.74%
12 Month-28.62%
2 Year-77.78%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%20.07%
ATR Inc-67.97%
Range Today0.06
ADR(20)0.09
ADR(20)%16.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.13
Mansfield-1.16
10 Day High0.66
10 Day Low0.54
20 Day High1.38
20 Day Low0.47
52 Week High1.38
52 Week Low0.41
CS1 End0.57
CR1 Start0.65
Volume & EV
DER(3)6.96%
DER(5)-4.13%
Volume105.87K
Volume Incr-92.24%
Vol(5)360.00K
Vol(50)1.93M