MAGIC EMPIRE GLOBAL LTD-A (MEGL) Stock Technical Analysis
NASDAQ:MEGL - Nasdaq - VGG5865E1218 - Common Stock - Currency: USD
Overall MEGL gets a technical rating of 0 out of 10. MEGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
92% of all other stocks performed better in the past year than MEGL.
MEGL is one of the lesser performing stocks in the Capital Markets industry. 87% of 227 stocks in the same industry do better.
MEGL is currently trading near the lower end of its 52 week range, which is not a good sign. MEGL is lagging the S&P500 Index which is trading in the middle of its 52 week range.
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 MEGL has a been trading in the 1.02 - 1.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MEGL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.48. Right above this resistance zone may be a good entry point. 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
1.16
2.57
We found 1 important support area.
- A support zone ranging from 1.17 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.54 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
CRS8.22
Mansfield-3.34
10 Day High1.38
10 Day Low1.08
20 Day High1.55
20 Day Low1.02
52 Week High5.52
52 Week Low1.02
Performance
1 Week9.09%
2 Weeks7.32%
1 Month-8.4%
3 Month-45%
6 Month-31.08%
12 Month-48.03%
2 Year-91.75%
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)0.02
RSI(14)49.81
LBB1.08
UBB1.34
NASDAQ:MEGL (4/25/2025, 8:22:42 PM)
1.32
+0.05 (+3.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg3.94%
1 Week9.09%
2 Weeks7.32%
1 Month-8.4%
3 Month-45%
6 Month-31.08%
12 Month-48.03%
2 Year-91.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%10.05%
ATR Inc-37.02%
Range Today0.12
ADR(20)0.13
ADR(20)%9.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.22
Mansfield-3.34
10 Day High1.38
10 Day Low1.08
20 Day High1.55
20 Day Low1.02
52 Week High5.52
52 Week Low1.02
CS1 End1.18
CR1 Start1.48
Volume & EV
DER(3)8.12%
DER(5)-1.85%
Volume14.50K
Volume Incr-48.89%
Vol(5)12.98K
Vol(50)130.14K