Technical Analysis for MGIH - Millennium Group International Holdings Limited

Grade Last Price % Change Price Change
D 1.56 -1.27% -0.02
MGIH closed down 0.63 percent on Wednesday, November 20, 2024, on 25 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to bounce off of its 200 day moving average, an important long-term support line.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
20 DMA Support Bullish -1.27%
200 DMA Support Bullish -1.27%
NR7 Range Contraction -1.27%
Narrow Range Bar Range Contraction -1.27%
Inside Day Range Contraction -1.27%
Crossed Above 20 DMA Bullish -1.89%
Crossed Above 200 DMA Bullish -1.89%
Narrow Range Bar Range Contraction -1.89%
Fell Below 20 DMA Bearish -0.64%
Fell Below 200 DMA Bearish -0.64%

   Recent Intraday Alerts

Alert Time
Down 3% about 2 hours ago
Fell Below 200 DMA about 2 hours ago
Fell Below Previous Day's Low about 2 hours ago
Down 2 % about 2 hours ago
Down 1% about 2 hours ago

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Profile

Millennium Group International Holdings Limited Description

Millennium Group International Holdings Limited, an investment holding company, provides paper-based packaging solutions in Mainland China, Hong Kong, Vietnam, other Southeast Asian countries, Australia, the United States, and internationally. The company offers packaging products, including paper-based inner packaging boxes to industries and/or products, such as footwear products, sportswear, cookware and kitchenware, smartphones, and home electronics. It also provides corrugated products for industries and/or products, such as food and beverage, paper and packaging, non-food-and-beverage-consumables, logistics, e-commerce, and home electronics, as well as packaging products supply chain management solutions. The company was founded in 1978 and is headquartered in Kwun Tong, Hong Kong. Millennium Group International Holdings Limited operates as a subsidiary of YC 1926 (BVI) Limited.


Classification

Sector: Consumer Cyclical
Industry: Packaging & Containers
Keywords: E Commerce Beverage Smartphones Footwear Products Packaging And Labeling Corrugated Products Labels

Is MGIH 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 9.57
52 Week Low 0.923
Average Volume 19,015
200-Day Moving Average 1.58
50-Day Moving Average 1.67
20-Day Moving Average 1.58
10-Day Moving Average 1.58
Average True Range 0.09
RSI (14) 47.09
ADX 14.15
+DI 19.38
-DI 15.33
Chandelier Exit (Long, 3 ATRs) 1.52
Chandelier Exit (Short, 3 ATRs) 1.66
Upper Bollinger Bands 1.71
Lower Bollinger Band 1.44
Percent B (%b) 0.51
BandWidth 17.11
MACD Line -0.02
MACD Signal Line -0.03
MACD Histogram 0.0084
Fundamentals Value
Market Cap 17.78 Million
Num Shares 11.3 Million
EPS -0.03
Price-to-Earnings (P/E) Ratio -52.67
Price-to-Sales 0.25
Price-to-Book 0.30
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.60
Resistance 3 (R3) 1.60 1.59 1.60
Resistance 2 (R2) 1.59 1.58 1.59 1.60
Resistance 1 (R1) 1.59 1.58 1.59 1.59 1.60
Pivot Point 1.57 1.57 1.58 1.58 1.57
Support 1 (S1) 1.57 1.57 1.57 1.57 1.56
Support 2 (S2) 1.56 1.57 1.56 1.56
Support 3 (S3) 1.55 1.56 1.56
Support 4 (S4) 1.56