Bullish vs. Bearish (2 opinions)
Social Sentiment -0.28
MNGA Forecast and Technical Stock Analysis
Buy candidate since 2019-08-28 Gain 3.50% PDF
MagneGas Corporation fell by -4.17% in the last day ( Monday, 16th Sep 2019 ) from $2.16 to $2.07 During the day the stock fluctuated 12.18% from a day low at $1.97 to a day high of $2.21. The price has been going up and down for this period, and there has been a 8.95% gain for the last 2 weeks. Volume has increased in the last day by 0.54 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.19 million shares bought and sold for approximately $2.45 million.
- 30 day high of the MNGA stock price was $2.44 and low was $0.36.
- 90 day high was $2.44 and low was $0.13.
- 52 week high for MagneGas Corporation - $13.60 and low - $0.13.
MagneGas Corporation lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 281.04% during the next 3 months and, with 90% probability hold a price between $3.23 and $9.84 at the end of this period.
MagneGas Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.98 and $1.14. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday September 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 47 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
MagneGas Corporation finds support from accumulated volume at $2.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.24 between high and low, or 12.18%. For the last week, the stock has had a daily average volatility of 14.00%.
Our recommended stop-loss: $1.97 (-4.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 day(s) ago.)
14.00 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!