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(MGRX) complete technical analysis [charts+indicators] | Buy/Sell | (MGRX) share price targets

Complete technical analysis of (MGRX) by charts plus indicators, forecast predictions and share price targets for (MGRX)

10 day averaged volume of is 272765

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 0.24 0.24 0.26 0.22 4.501 times
16 Thu May 2024 0.22 0.22 0.23 0.21 3.22 times
15 Wed May 2024 0.22 0.22 0.22 0.21 0.189 times
14 Tue May 2024 0.22 0.24 0.25 0.21 0.429 times
13 Mon May 2024 0.25 0.26 0.27 0.23 0.392 times

Stock of (MGRX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 0.2 or till 0.2. Use a stoploss of 0.26 and if the stock hits stoploss, then it can shoot up till 0.28

Share price targets for (MGRX)

Target Type Value
Downside Target 0.14
Downside Target 0.19
Downside Target 0.20
Downside Target 0.21
Downside Target 0.23
Downside Target 0.24
Upside Target 0.26
Upside Target 0.27
Upside Target 0.28
Upside Target 0.29
Upside Target 0.31
Upside Target 0.42
Upside Target 0.49

Intraday share price targets for (MGRX)

Target Type Value
Downside Intraday Target 0.21
Downside Intraday Target 0.18
Upside Intraday Target 0.27
Upside Intraday Target 0.3
Downside Intraday Target 0.24

Weekly technical analysis of (MGRX)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 0.24 0.26 0.27 0.21 6.877 times
10 Fri May 2024 0.26 0.25 0.29 0.24 0.818 times
03 Fri May 2024 0.26 0.28 0.28 0.23 0.683 times
26 Fri Apr 2024 0.26 0.28 0.29 0.24 0.685 times
19 Fri Apr 2024 0.29 0.24 0.31 0.20 0.518 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 (MGRX)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 0.24 0.27 0.29 0.21 0.666 times
30 Tue Apr 2024 0.24 0.21 0.31 0.19 0.182 times
28 Thu Mar 2024 0.22 0.23 0.24 0.14 1.165 times
29 Thu Feb 2024 0.23 0.34 0.49 0.19 0.945 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 (MGRX)

Indicator Name Indicator Value Indicator Signal
ADX 83, 83, 0 Sell
MACD -0, -0Sell
Stochastics 21Sell
CCI -30Buy
RSI 54Buy
OBV 1149346Sell
VWAP 0Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of ( (MGRX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of ( (MGRX) ) 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 ( (MGRX) ) 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 ( (MGRX) ) based on a mid to longer term time period is

ADX buy sell signal for stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for in short term and the sell signal is strong.

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 in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.24 and (MGRX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the (MGRX) stock. Volume based technical analysis of (MGRX) stock is negative.

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.

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