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(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)

Showing technical analysis as on 2023-09-25 View latest technical analysis

10 day averaged volume of Mgl is 15925

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Sep 2023	1012.70	1010.15	1021.35	1004.30	0.226 times
22 Fri Sep 2023	1020.15	1015.05	1031.45	1010.90	0.636 times
21 Thu Sep 2023	1020.45	1039.85	1041.15	1013.55	0.587 times
20 Wed Sep 2023	1039.85	1051.05	1063.00	1035.00	0.882 times
18 Mon Sep 2023	1055.90	1059.75	1063.00	1049.20	0.841 times
15 Fri Sep 2023	1052.45	1049.95	1055.45	1039.95	0.616 times
14 Thu Sep 2023	1044.75	1033.40	1045.85	1032.65	0.794 times
13 Wed Sep 2023	1030.90	1009.30	1036.45	1005.00	0.775 times
12 Tue Sep 2023	1014.60	1055.05	1061.10	1012.65	2.889 times
11 Mon Sep 2023	1052.05	1060.00	1062.85	1048.55	1.198 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1019.1, but if it comes above 1019.1, then a intra day buy could be more profitable.
If you take a sell trade below 1019.1, then use 1019.1 as stoploss and 999.2 as target. However if you take a buy trade in stock , then use 1019.1 as stoploss and 1035.65 as target.

Share price targets for Mgl (Mgl)

Target Type	Value
Downside Target	971.10
Downside Target	991.05
Upside Target	1044.30
Upside Target	1062.85
Upside Target	1063.00
Upside Target	1077.00
Upside Target	1079.50
Upside Target	1104.80
Upside Target	1137.00
Upside Target	1144.75

Intraday share price targets for Mgl (Mgl)

Target Type	Value
Downside Intraday Target	1004.22
Downside Intraday Target	995.73
Upside Intraday Target	1021.27
Upside Intraday Target	1029.83
Upside Intraday Target	1012.78

Weekly technical analysis of Mgl (Mgl)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Sep 2023	1012.70	1010.15	1021.35	1004.30	0.077 times
22 Fri Sep 2023	1020.15	1059.75	1063.00	1010.90	0.47 times
15 Fri Sep 2023	1052.45	1060.00	1062.85	1005.00	0.873 times
08 Fri Sep 2023	1056.20	1030.90	1077.00	1024.40	1.827 times
01 Fri Sep 2023	1030.15	1004.05	1035.00	1003.80	0.185 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mgl (Mgl)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Mon Sep 2023	1012.70	1020.05	1077.00	1004.30	0.365 times
31 Thu Aug 2023	1023.40	1122.00	1144.75	971.40	1.901 times
31 Mon Jul 2023	1118.00	1050.00	1137.00	1044.30	1.739 times
30 Fri Jun 2023	1048.75	1057.50	1079.50	991.05	0.368 times

Scroll below to view daily charts

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)

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mgl ( (Mgl) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mgl in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mgl is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1032.42 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.