(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 35454
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1310.90 | 1288.50 | 1314.75 | 1288.50 | 0.465 times |
| 15 Wed May 2024 | 1285.70 | 1323.35 | 1328.00 | 1280.85 | 1.533 times |
| 14 Tue May 2024 | 1315.20 | 1291.90 | 1328.30 | 1291.75 | 3.131 times |
| 13 Mon May 2024 | 1285.20 | 1303.05 | 1331.35 | 1269.95 | 0.748 times |
| 10 Fri May 2024 | 1301.80 | 1312.60 | 1334.95 | 1257.20 | 1.525 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1323.5, but if it comes above 1323.5, then a intra day buy could be more profitable.
If you take a sell trade below 1323.5, then use 1323.5 as stoploss and 1253.1 as target. However if you take a buy trade in stock , then use 1323.5 as stoploss and 1382.11 as target.
Share price targets for Mgl (Mgl)
| Target Type | Value |
| Downside Target | 1169.95 |
| Downside Target | 1202.00 |
| Downside Target | 1257.20 |
| Upside Target | 1331.35 |
| Upside Target | 1365.60 |
| Upside Target | 1405.50 |
| Upside Target | 1473.95 |
| Upside Target | 1484.00 |
| Upside Target | 1488.30 |
| 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 | 1276.78 |
| Downside Intraday Target | 1242.67 |
| Upside Intraday Target | 1338.18 |
| Upside Intraday Target | 1365.47 |
| Downside Intraday Target | 1304.07 |
Weekly technical analysis of Mgl (Mgl)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1310.90 | 1303.05 | 1331.35 | 1269.95 | 1.505 times |
| 10 Fri May 2024 | 1301.80 | 1429.55 | 1443.65 | 1257.20 | 3.691 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 |
Price has moved up 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 |
| 16 Thu May 2024 | 1310.90 | 1440.05 | 1473.95 | 1257.20 | 0.969 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 | 6, 26, 60 | Sell |
| MACD | -44, -27 | Sell |
| Stochastics | 22 | Sell |
| CCI | -62 | Buy |
| RSI | 45 | Sell |
| OBV | -79648 | Sell |
| VWAP | 1319 | Sell |
| ADL | 0 | Sell |
| ROC | -10 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mgl ( (Mgl) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 and the sell signal is strong.
Mgl Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 1319.08 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 negative.
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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