Technical Analysis for MNG - M&G Plc

Grade Last Price % Change Price Change
grade F 118.8 8.99% 9.80
MNG closed up 8.99 percent on Thursday, April 2, 2020, on 1.59 times normal volume. It ran into resistance at its 50 day moving average. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Down Down
Historical MNG trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New Uptrend Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Wide Range Bar Range Expansion 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Oversold Weakness 0.00%

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Basic chart:

Is MNG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 11395.0
52 Week Low 86.4
Average Volume 14,821,120
200-Day Moving Average 0.00
50-Day Moving Average 193.84
20-Day Moving Average 133.44
10-Day Moving Average 124.25
Average True Range 823.01
ADX 43.32
+DI 98.34
-DI 0.67
Chandelier Exit (Long, 3 ATRs ) 8925.96
Chandelier Exit (Short, 3 ATRs ) 2555.44
Upper Bollinger Band 184.84
Lower Bollinger Band 82.04
Percent B (%b) 0.36
BandWidth 77.04
MACD Line -22.21
MACD Signal Line -24.23
MACD Histogram 2.0188
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17049.15
Resistance 3 (R3) 18926.73 15160.87 14227.43
Resistance 2 (R2) 15160.87 10849.27 14222.08 13286.10
Resistance 1 (R1) 7639.83 8185.56 11400.35 5762.25 12345.90
Pivot Point 3873.97 3873.97 5754.23 2935.18 3873.97
Support 1 (S1) -3647.07 -437.63 113.45 -5524.65 -12108.30
Support 2 (S2) -7412.93 -3101.34 -8351.73 -13048.50
Support 3 (S3) -14933.97 -7412.93 -13989.83
Support 4 (S4) -16811.55