Stronger Sell Today MNGA ranks #3759 as SELL CANDIDATE. Weaker Sell
Today MNGA ranks #3759 as SELL CANDIDATE.

MNGA stock MagneGas Corporation

MNGA stock
MagneGas Corporation

April 23, 2019
Change -4.34%
Chart period: 2019-01-24 - 2019-04-23
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Social Sentiment for MNGA

Today's data is from 12 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
75%
25%
Weighted Sentiment 0.04

Will MNGA stock price go up or down on Thu, 25 Apr 2019?

MagneGas Corporation Forecast and Stock Analysis

Technical MNGA stock analysis for April 23, 2019.

Sell candidate since 2019-04-16 Loss -17.24%
Shorts n/a
Cash n/a
Loans n/a
Beta -0.71
ROA -98.69

MagneGas Corporation fell by -4.34% in the last day from $0.61 to $0.59 and has now fallen 7 days in a row. The price has fallen in 7 of the last 10 days and is down by -7.33% for this period. Volume has increased in the last day by 0.08 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, 1.72 million shares bought and sold for approximately $1.01 million.

Close price at the end of the last trading day (Tuesday, 23rd Apr 2019) of the MNGA stock was $0.59. This is 4.34% less than the trading day before Monday, 22nd Apr 2019.

During day the stock fluctuated 7.29% from a day low at $0.57 to a day high of $0.61.

30 day high of the MNGA stock price was $1.05 and low was $0.57.
90 day high was $5.89 and low was $0.53.
52 week high for the MagneGas Corporation - $19.35 and low - $0.53.

Trend

MagneGas Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -52.47% during the next 3 months and, with 90% probability hold a price between $-0.52 and $1.16 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. MagneGas Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.72 and $0.68. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday April 12, 2019, which indicates further falls until a new bottom pivot has been found. MagneGas Corporation gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".

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Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

MagneGas Corporation finds support from accumulated volume at $0.57.

Support: $0.57 Price: $0.59 Resistance: $0.68

Risk

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 $0.04 between high and low, or 7.29%. For the last week, the stock has had a daily average volatility of 9.37%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today MNGA ranks #3759 as SELL CANDIDATE. Weaker Sell
Today MNGA ranks #3759 as SELL CANDIDATE.