(Mgl) Mgl complete technical analysis [charts+indicators] | Buy/Sell Mgl | (Mgl) share price targets
Complete technical analysis of Mgl (Mgl) by charts plus indicators, forecast predictions and share price targets for Mgl (Mgl)
10 day averaged volume of Mgl is 13961
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 1378.85 | 1336.40 | 1396.50 | 1330.00 | 2.032 times |
| 07 Tue May 2024 | 1336.90 | 1418.45 | 1418.45 | 1330.30 | 2.006 times |
| 06 Mon May 2024 | 1413.25 | 1429.55 | 1443.65 | 1402.85 | 0.745 times |
| 03 Fri May 2024 | 1429.50 | 1461.50 | 1473.95 | 1416.25 | 0.55 times |
| 02 Thu May 2024 | 1455.80 | 1440.05 | 1468.05 | 1440.05 | 0.395 times |
Stock of Mgl (Mgl) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1392.5, but if it comes above 1392.5, then a intra day buy could be more profitable.
If you take a sell trade below 1392.5, then use 1392.5 as stoploss and 1350.1 as target. However if you take a buy trade in stock , then use 1392.5 as stoploss and 1427.85 as target.
Share price targets for Mgl (Mgl)
| Target Type | Value |
| Downside Target | 1169.95 |
| Downside Target | 1202.00 |
| Downside Target | 1330.00 |
| Downside Target | 1365.60 |
| Upside Target | 1405.50 |
| Upside Target | 1473.95 |
| Upside Target | 1484.00 |
| Upside Target | 1488.30 |
| Upside Target | 1493.95 |
| Upside Target | 1495.10 |
| Upside Target | 1558.85 |
| Upside Target | 1579.00 |
Intraday share price targets for Mgl (Mgl)
| Target Type | Value |
| Downside Intraday Target | 1324.68 |
| Downside Intraday Target | 1270.52 |
| Upside Intraday Target | 1438.33 |
| Upside Intraday Target | 1497.82 |
| Upside Intraday Target | 1384.17 |
Weekly technical analysis of Mgl (Mgl)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 1378.85 | 1429.55 | 1443.65 | 1330.00 | 1.779 times |
| 03 Fri May 2024 | 1429.50 | 1478.30 | 1478.30 | 1416.25 | 0.594 times |
| 26 Fri Apr 2024 | 1460.75 | 1395.25 | 1495.10 | 1371.00 | 0.545 times |
| 19 Fri Apr 2024 | 1392.45 | 1401.05 | 1484.00 | 1368.40 | 1.736 times |
| 12 Fri Apr 2024 | 1428.95 | 1448.95 | 1493.95 | 1425.80 | 0.658 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mgl (Mgl)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 1378.85 | 1440.05 | 1473.95 | 1330.00 | 0.215 times |
| 30 Tue Apr 2024 | 1442.75 | 1377.25 | 1495.10 | 1365.60 | 0.531 times |
| 28 Thu Mar 2024 | 1363.50 | 1490.00 | 1579.00 | 1202.00 | 1.602 times |
| 29 Thu Feb 2024 | 1485.80 | 1489.85 | 1558.85 | 1405.50 | 0.584 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mgl (Mgl)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 13, 28, 38 | Sell |
| MACD | 3, 16 | Sell |
| Stochastics | 23 | Sell |
| CCI | -138 | Buy |
| RSI | 45 | Sell |
| OBV | 34216 | Sell |
| VWAP | 1406 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mgl ( (Mgl) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mgl ( (Mgl) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mgl ( (Mgl) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mgl ( (Mgl) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mgl stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Mgl in short term but the sell signal is initial and weak.
Mgl Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mgl in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mgl is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1406.43 and Mgl (Mgl) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mgl (Mgl) stock. Volume based technical analysis of Mgl (Mgl) stock is negative.
Mgl Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for further forecast and predictions for tomorrow
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