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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)

10 day averaged volume of Mgl is 44717

Date Daily Closing Price Open High Low Volume
22 Fri Oct 2021 999.95 1025.45 1025.45 993.90 1.202 times
21 Thu Oct 2021 1020.20 1051.05 1051.05 1016.90 0.943 times
20 Wed Oct 2021 1043.95 1068.45 1068.45 1037.50 1.64 times
19 Tue Oct 2021 1063.05 1079.50 1087.50 1058.05 2.288 times
18 Mon Oct 2021 1069.85 1071.00 1081.30 1066.00 1.063 times
14 Thu Oct 2021 1067.20 1095.00 1095.00 1064.35 0.593 times
13 Wed Oct 2021 1073.90 1061.55 1079.95 1061.55 1.024 times
12 Tue Oct 2021 1059.45 1075.95 1075.95 1051.35 0.379 times
11 Mon Oct 2021 1069.85 1069.65 1075.50 1066.60 0.537 times
08 Fri Oct 2021 1069.65 1083.50 1084.80 1064.00 0.933 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1017.6, for a target of 1045.5 or 1068.87

Share price targets for Mgl (Mgl)

Target Type Value
Downside Target 993.90
Upside Target 1051.35
Upside Target 1107.65
Upside Target 1108.95
Upside Target 1124.80
Upside Target 1140.00
Upside Target 1198.00
Upside Target 1205.00
Upside Target 1211.60
Upside Target 1284.45

Intraday share price targets for Mgl (Mgl)

Target Type Value
Downside Intraday Target 966.73
Downside Intraday Target 933.52
Upside Intraday Target 1060.33
Upside Intraday Target 1120.72
Upside Intraday Target 1027.12

Weekly technical analysis of Mgl (Mgl)

Date Weekly Closing Price Open High Low Volume
22 Fri Oct 2021 999.95 1071.00 1087.50 993.90 2.816 times
14 Thu Oct 2021 1067.20 1069.65 1095.00 1051.35 0.632 times
08 Fri Oct 2021 1069.65 1097.05 1107.65 1064.00 1.044 times
01 Fri Oct 2021 1099.75 1097.00 1108.95 1059.00 1.366 times
24 Fri Sep 2021 1097.25 1132.50 1140.00 1081.25 1.608 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
22 Fri Oct 2021 999.95 1080.00 1108.95 993.90 1.43 times
30 Thu Sep 2021 1082.25 1154.00 1205.00 1059.00 0.728 times
31 Tue Aug 2021 1144.30 1171.45 1198.00 1078.40 0.677 times
30 Fri Jul 2021 1167.20 1145.50 1211.60 1101.85 0.894 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)

Indicator Name Indicator Value Indicator Signal
ADX 9, 37, 61 Sell
MACD -46, -38Sell
Stochastics 7Sell
CCI -195Sell
RSI 45Sell
OBV -366499Sell
VWAP 1052Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 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 in or above 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 and selling is picking up 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 1051.89 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 Mgl charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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