Technical Analysis for MNG - M&G Plc
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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:
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| 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 |
