Technical Analysis for MEGI - MainStay CBRE Global Infrastructure Megatrends Fund

Grade Last Price % Change Price Change
C 12.06 -0.45% -0.06
MEGI closed down 0.45 percent on Friday, April 26, 2024, on 71 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
20 DMA Support Bullish -0.45%
200 DMA Support Bullish -0.45%
Crossed Above 50 DMA Bullish -0.45%
Up 3 Days in a Row Strength -0.45%
Up 4 Days in a Row Strength -0.45%
Up 5 Days in a Row Strength -0.45%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 8 hours ago
Rose Above Previous Day's High about 10 hours ago
1.5x Volume Pace about 10 hours ago
Fell Below 50 DMA about 10 hours ago
Rose Above 50 DMA 1 day ago

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Profile

MainStay CBRE Global Infrastructure Megatrends Term Fund operates as a non-diversified, closed-end management investment firm. The company was founded on March 29, 2021 and is headquartered in New York, NY.
Classification

Keywords: Cbre Group research

Is MEGI 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 13.1007
52 Week Low 9.9511
Average Volume 144,604
200-Day Moving Average 11.95
50-Day Moving Average 12.10
20-Day Moving Average 11.92
10-Day Moving Average 11.72
Average True Range 0.19
RSI (14) 52.83
ADX 20.57
+DI 29.15
-DI 25.95
Chandelier Exit (Long, 3 ATRs) 11.94
Chandelier Exit (Short, 3 ATRs) 11.74
Upper Bollinger Bands 12.55
Lower Bollinger Band 11.29
Percent B (%b) 0.61
BandWidth 10.59
MACD Line -0.07
MACD Signal Line -0.12
MACD Histogram 0.0527
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.31
Resistance 3 (R3) 12.33 12.26 12.27
Resistance 2 (R2) 12.26 12.19 12.25 12.25
Resistance 1 (R1) 12.16 12.15 12.12 12.14 12.24
Pivot Point 12.09 12.09 12.07 12.08 12.09
Support 1 (S1) 11.99 12.02 11.95 11.97 11.87
Support 2 (S2) 11.92 11.98 11.91 11.86
Support 3 (S3) 11.82 11.92 11.84
Support 4 (S4) 11.80