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Stock Trend Analysis Report
Prepared for you on Saturday, May 11, 2024.
Magic Empire Global Limited (NASDAQ:MEGL)
Crossroads (-60) - MEGL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MEGL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MEGL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MEGL
The long-term trend has been DOWN since Feb 5th, 2024 at 0.80
The intermediate-term trend has been UP since Apr 25th, 2024 at 0.69
The short-term trend has been UP since Apr 25th, 2024 at 0.65
Smart Scan Analysis for MEGL
Based on our trend formula, MEGL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.631000 | 0.647100 | 0.620000 | 0.622799 | -0.019301 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.622799 | 40734 | 2024-05-10 15:58:15 |
| 52wk High | 2.45 | 52wk High Date | 2023-05-16 |
| 52wk Low | 0.5803 | 52wk Low Date | 2024-04-22 |
| Average Volume | 232,231 | Shares Outstanding | 20,000 |
| Assets | 138,257,174M | Liabilities | 3,989,317M |