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.O) Moving Averages Convergence Divergence (MACD) indicator is -0.0603, suggesting MEGL.O is Sell.

Magic Empire Global Ltd (MEGL.O) 20-Day simple moving average is 1.202, while Magic Empire Global Ltd (MEGL.O) share price is $0.891, making it Sell.

Magic Empire Global Ltd (MEGL.O) 60-Day simple moving average is 1.241, while Magic Empire Global Ltd (MEGL.O) share price is $0.891, making it Sell.

Technical Analysis for MEGL

Technical Sentiment Analysis for Magic Empire Global Ltd (MEGL) As of 2026-02-06, Magic Empire Global Ltd (MEGL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 6 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEGL stands at 26.542, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.0603, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 0.643 and the Commodity Channel Index (CCI) at -329.679 further confirm a -0.409 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MEGL is trading below its 60-day moving average of $1.241 and below its 200-day long-term moving average of $1.409. Key price levels to watch include the immediate resistance at $1.383 and strong support at $0.898. A break above $1.383 could signal a bull continuation, while falling below $0.898 may test the next Fibonacci floor at $0.646.

Magic Empire Global Ltd (MEGL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.413	0.646	0.898	1.131	1.383	1.616	1.868
Fibonacci	0.646	0.832	0.946	1.131	1.317	1.431	1.616

Magic Empire Global Ltd (MEGL) Technical Indicators

2026-02-06

Name	Value
RSI_14	26.542
STOCHk_14_3_3	0.643
STOCHd_14_3_3	0.214
CCI_20	-329.679
AO_5_34	-0.0974
MOM_10	-0.409
MACD_12_26_9	-0.0603

Magic Empire Global Ltd (MEGL) Relative Strength Index (RSI) is 26.542, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Stochastic Oscillator is 0.643, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Stochastic RSI is 0.214, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Commodity Channel Index (CCI) is -329.679, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Awesome Oscillator is -0.0974, creating a Sell signal.

Magic Empire Global Ltd (MEGL) Momentum is -0.409, creating a Sell signal.

Magic Empire Global Ltd (MEGL) MACD is -0.0603, creating a Sell signal.

Magic Empire Global Ltd (MEGL) Moving Average

2026-02-06

Period	Simple	Signal
MA_5	1.054	Sell
MA_10	1.149	Sell
MA_20	1.202	Sell
MA_60	1.241	Sell
MA_200	1.409	Sell
MA_250	1.425	Sell

Magic Empire Global Ltd (MEGL) 5-Day simple moving average is 1.054, while Magic Empire Global Ltd (MEGL) share price is $0.891, making it a Sell.

Magic Empire Global Ltd (MEGL) 10-Day simple moving average is 1.149, while Magic Empire Global Ltd (MEGL) share price is $0.891, making it a Sell.

Magic Empire Global Ltd (MEGL) 20-Day simple moving average is 1.202, while Magic Empire Global Ltd (MEGL) share price is $0.891, making it a Sell.

Magic Empire Global Ltd (MEGL) 60-Day simple moving average is 1.241, while Magic Empire Global Ltd (MEGL) share price is $0.891, making it a Sell.

Magic Empire Global Ltd (MEGL) 200-Day simple moving average is 1.409, while Magic Empire Global Ltd (MEGL) share price is $0.891, making it a Sell.

Magic Empire Global Ltd (MEGL) 250-Day simple moving average is 1.425, while Magic Empire Global Ltd (MEGL) share price is $0.891, 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 6 buy signals and 3 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 0.898 and a major resistance level at 1.383. Traders also monitor the pivot point at 1.131 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 26.542. This indicates that the stock is in oversold 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 -0.0603, 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 $0.891, which is below its 200-day simple moving average of 1.409. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.