Stock Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
MGC PHARMA LTD ORD (NASDAQ:MGCLF)
Long-Term Downtrend (-90) - MGCLF is in a strong downtrend that is likely to continue. While MGCLF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGCLF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGCLF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGCLF
The long-term trend has been DOWN since Apr 5th, 2022 at 0.0150
The intermediate-term trend has been DOWN since Sep 27th, 2023 at 0.0014
The short-term trend has been DOWN since Sep 27th, 2023 at 0.0014
Smart Scan Analysis for MGCLF
Based on our trend formula, MGCLF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||0.175||Year High Date||2018-01-24|
|Year Low||0.02||Year Low Date||2018-11-15|
|52wk High||0.0135||52wk High Date||2022-12-30|
|52wk Low||0.0012||52wk Low Date||2023-09-27|