Stock Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
MAGELLAN ENERGY LTD (NASDAQ:MGLG)
Bull Market Weakness (+75) - MGLG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGLG as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGLG?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGLG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGLG
The long-term trend has been UP since Jan 22nd, 2021 at 0.0001
The intermediate-term trend has been DOWN since Mar 19th, 2021 at 0.0002
The short-term trend has been UP since Mar 30th, 2021 at 0.0002
Smart Scan Analysis for MGLG
Based on our trend formula, MGLG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||0.0001||Year High Date||2018-01-11|
|Year Low||0.000001||Year Low Date||2018-01-02|
|52wk High||0.001||52wk High Date||2021-01-22|
|52wk Low||0.000001||52wk Low Date||2021-01-27|