Technical Analysis for MGIH - Millennium Group International Holdings Limited

Grade Last Price % Change Price Change
C 1.83 0.55% 0.01
MGIH closed up 0.55 percent on Friday, June 9, 2023, on 4 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.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
20 DMA Support Bullish 0.55%
NR7 Range Contraction 0.55%
Narrow Range Bar Range Contraction 0.55%
Inside Day Range Contraction 0.55%
20 DMA Support Bullish 2.23%
Inside Day Range Contraction 0.55%
Upper Bollinger Band Touch Strength 0.55%

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Alert Time
Possible NR7 about 6 hours ago
20 DMA Support about 8 hours ago
10 DMA Support about 8 hours ago
60 Minute Opening Range Breakdown about 9 hours ago
Down 3% about 9 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 4.6325
52 Week Low 1.55
Average Volume 535,904
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 1.73
10-Day Moving Average 1.74
Average True Range 0.22
RSI (14) 47.09
ADX 27.54
+DI 22.23
-DI 11.30
Chandelier Exit (Long, 3 ATRs) 1.37
Chandelier Exit (Short, 3 ATRs) 2.23
Upper Bollinger Bands 1.90
Lower Bollinger Band 1.57
Percent B (%b) 0.79
BandWidth 19.37
MACD Line -0.03
MACD Signal Line -0.07
MACD Histogram 0.0351
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.95
Resistance 3 (R3) 1.94 1.88 1.93
Resistance 2 (R2) 1.88 1.85 1.89 1.92
Resistance 1 (R1) 1.86 1.83 1.87 1.87 1.92
Pivot Point 1.80 1.80 1.81 1.81 1.80
Support 1 (S1) 1.78 1.77 1.79 1.79 1.74
Support 2 (S2) 1.72 1.75 1.73 1.74
Support 3 (S3) 1.70 1.72 1.73
Support 4 (S4) 1.71