MICROALGO INC (MLGO) Stock Technical Analysis
NASDAQ:MLGO - Nasdaq - KYG6077Y2025 - Common Stock - Currency: USD
Taking everything into account, MLGO scores 5 out of 10 in our technical rating. In the past year, MLGO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
86% of all other stocks performed better in the past year than MLGO.
MLGO is part of the IT Services industry. There are 81 other stocks in this industry, of which 75% are performing better than MLGO.
MLGO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MLGO is lagging the market.
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.
MLGO has an average volume of 18071100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month MLGO has a been trading in the 1.11 - 11.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MLGO has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.85
6.32
When analyzing the resistance we notice 2 important areas.
- Resistance @6.04 from a trend line in the daily time frame.
- Resistance @6.26 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.88
Mansfield-8.67
10 Day High11.71
10 Day Low1.11
20 Day High11.71
20 Day Low1.11
52 Week High509.6
52 Week Low1.11
Performance
1 Week12.39%
2 Weeks304.96%
1 Month210.13%
3 Month43.27%
6 Month-26.16%
12 Month-95.69%
2 Year-98.82%
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)0.22
RSI(14)65.94
LBB0
UBB6.78
4.9
+0.75 (+18.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg18.07%
1 Week12.39%
2 Weeks304.96%
1 Month210.13%
3 Month43.27%
6 Month-26.16%
12 Month-95.69%
2 Year-98.82%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%23.22%
ATR Inc-12.57%
Range Today1.42
ADR(20)1.06
ADR(20)%21.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.88
Mansfield-8.67
10 Day High11.71
10 Day Low1.11
20 Day High11.71
20 Day Low1.11
52 Week High509.6
52 Week Low1.11
CS1 EndN/A
CR1 Start6.04
Volume & EV
DER(3)-1.64%
DER(5)-1.65%
Volume9.93M
Volume Incr-73.63%
Vol(5)8.89M
Vol(50)18.07M