MEGL Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Magic Empire Global Ltd (MEGL) Moving Averages Convergence Divergence (MACD) indicator is 0.0122, suggesting MEGL is Sell.

Magic Empire Global Ltd (MEGL) 20-Day simple moving average is 1.268, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it Sell.

Magic Empire Global Ltd (MEGL) 60-Day simple moving average is 1.193, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it Buy.

Technical Analysis for MEGL

Technical Sentiment Analysis for Magic Empire Global Ltd (MEGL) As of 2026-07-07, Magic Empire Global Ltd (MEGL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 4 indicators are flashing buy, while 7 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEGL stands at 47.989, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.0122, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 55.856 and the Commodity Channel Index (CCI) at -39.797 further confirm a 0.03 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MEGL is trading below its 60-day moving average of $1.193 and below its 200-day long-term moving average of $1.225. Key price levels to watch include the immediate resistance at $1.41 and strong support at $1.052. A break above $1.41 could signal a bull continuation, while falling below $1.052 may test the next Fibonacci floor at $0.882.

Magic Empire Global Ltd (MEGL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.694	0.882	1.052	1.24	1.41	1.598	1.768
Fibonacci	0.882	1.019	1.103	1.24	1.377	1.461	1.598

Magic Empire Global Ltd (MEGL) Technical Indicators

2026-07-07

Name	Value
RSI_14	47.989
STOCHk_14_3_3	55.856
STOCHd_14_3_3	63.126
CCI_20	-39.797
AO_5_34	0.0549
MOM_10	0.03
MACD_12_26_9	0.0122

Magic Empire Global Ltd (MEGL) Relative Strength Index (RSI) is 47.989, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Stochastic Oscillator is 55.856, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Stochastic RSI is 63.126, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Commodity Channel Index (CCI) is -39.797, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Awesome Oscillator is 0.0549, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Momentum is 0.03, creating a Buy signal.

Magic Empire Global Ltd (MEGL) MACD is 0.0122, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Moving Average

2026-07-07

Period	Simple	Signal
MA_5	1.288	Sell
MA_10	1.221	Sell
MA_20	1.268	Sell
MA_60	1.193	Buy
MA_200	1.225	Sell
MA_250	1.275	Sell

Magic Empire Global Ltd (MEGL) 5-Day simple moving average is 1.288, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it a Sell.

Magic Empire Global Ltd (MEGL) 10-Day simple moving average is 1.221, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it a Sell.

Magic Empire Global Ltd (MEGL) 20-Day simple moving average is 1.268, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it a Sell.

Magic Empire Global Ltd (MEGL) 60-Day simple moving average is 1.193, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it a Buy.

Magic Empire Global Ltd (MEGL) 200-Day simple moving average is 1.225, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it a Sell.

Magic Empire Global Ltd (MEGL) 250-Day simple moving average is 1.275, while Magic Empire Global Ltd (MEGL) share price is $1.21, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for MEGL?

The overall technical consensus for Magic Empire Global Ltd (MEGL) is currently Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 2 sell signals.

What are the key support and resistance levels for Magic Empire Global Ltd (MEGL) today?

Based on pivot point calculations, Magic Empire Global Ltd (MEGL) has an immediate support level at 1.052 and a major resistance level at 1.41. Traders also monitor the pivot point at 1.24 to determine the intraday trend direction.

Is Magic Empire Global Ltd (MEGL) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Magic Empire Global Ltd (MEGL) is currently 47.989. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Magic Empire Global Ltd (MEGL)?

Magic Empire Global Ltd (MEGL) Moving Averages Convergence Divergence (MACD) indicator is 0.0122, suggesting MEGL is Sell. This indicator helps identify potential trend reversals or momentum shifts for Magic Empire Global Ltd.

How is Magic Empire Global Ltd (MEGL) performing relative to its 200-day moving average?

Magic Empire Global Ltd (MEGL) is currently trading at $1.21, which is below its 200-day simple moving average of 1.225. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.

Name

Pivot Points

Classic

0.694

0.882

1.052

1.24

1.41

1.598

1.768

Fibonacci

0.882

1.019

1.103

1.24

1.377

1.461

1.598

Name

Value

RSI_14

47.989

STOCHk_14_3_3

55.856

STOCHd_14_3_3

63.126

CCI_20

-39.797

AO_5_34

0.0549

MOM_10

0.03

MACD_12_26_9

0.0122

Period

Simple

Signal

MA_5

1.288

Sell

MA_10

1.221

Sell

MA_20

1.268

Sell

MA_60

1.193

Buy

MA_200

1.225

Sell

MA_250

1.275

Sell

Frequently Asked Questions