Question 1

What does the Stochastic Oscillator suggest about MGTX's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 62 of 70 cases where MGTX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

How did MGTX's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MGTX as a result. In 83 of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 3

What does MACD indicator imply for MGTX?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for MGTX turned negative on August 05, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In 38 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

What is the significance of the 50-day moving average indicator for MGTX?

Accepted Answer

MGTX moved below its 50-day moving average on August 05, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 5

What is the significance of the 10-day moving average indicator for MGTX?

Accepted Answer

The 10-day moving average for MGTX crossed bearishly below the 50-day moving average on August 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 17 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day decline signify for MGTX's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MGTX declined for three days, in 300 of 350 cases, the price declined further within the following month. The odds of a continued downward trend are 86%.

Question 7

How does the Aroon Indicator reflect on MGTX's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 91 of 132 cases where MGTX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

MGTX Stock MeiraGTx Holdings (MGTX, $5) entered a bearish trend. Expect a Downtrend continuation

MGTX in -9.50% downward trend, falling for three consecutive days on August 12, 2024

General Information