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 -0.000544, suggesting MEGL.O is Strong sell.

Magic Empire Global Ltd (MEGL.O) 20-Day simple moving average is 1.237, while Magic Empire Global Ltd (MEGL.O) share price is $1.19, making it Sell.

Magic Empire Global Ltd (MEGL.O) 60-Day simple moving average is 1.267, while Magic Empire Global Ltd (MEGL.O) share price is $1.19, making it Sell.

Technical Analysis for MEGL

Technical Sentiment Analysis for Magic Empire Global Ltd (MEGL) As of 2026-01-29, Magic Empire Global Ltd (MEGL) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 4 indicators are flashing buy, while 10 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEGL stands at 43.109, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.000544, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 15.619 and the Commodity Channel Index (CCI) at -64.888 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 $1.267 and below its 200-day long-term moving average of $1.413. Key price levels to watch include the immediate resistance at $1.416 and strong support at $1.146. A break above $1.416 could signal a bull continuation, while falling below $1.146 may test the next Fibonacci floor at $1.028.

Magic Empire Global Ltd (MEGL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.876	1.028	1.146	1.298	1.416	1.568	1.686
Fibonacci	1.028	1.131	1.195	1.298	1.401	1.465	1.568

Magic Empire Global Ltd (MEGL) Technical Indicators

2026-01-29

Name	Value
RSI_14	43.109
STOCHk_14_3_3	15.619
STOCHd_14_3_3	27.882
CCI_20	-64.888
AO_5_34	0.0229
MOM_10	-0.03
MACD_12_26_9	-0.000544

Magic Empire Global Ltd (MEGL) Relative Strength Index (RSI) is 43.109, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Stochastic Oscillator is 15.619, creating a Buy signal.

Magic Empire Global Ltd (MEGL) Stochastic RSI is 27.882, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Commodity Channel Index (CCI) is -64.888, creating a Neutral signal.

Magic Empire Global Ltd (MEGL) Awesome Oscillator is 0.0229, creating a Buy signal.

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

Magic Empire Global Ltd (MEGL) MACD is -0.000544, creating a Sell signal.

Magic Empire Global Ltd (MEGL) Moving Average

2026-01-29

Period	Simple	Signal
MA_5	1.254	Sell
MA_10	1.263	Sell
MA_20	1.237	Sell
MA_60	1.267	Sell
MA_200	1.413	Sell
MA_250	1.45	Sell

Magic Empire Global Ltd (MEGL) 5-Day simple moving average is 1.254, while Magic Empire Global Ltd (MEGL) share price is $1.19, making it a Sell.

Magic Empire Global Ltd (MEGL) 10-Day simple moving average is 1.263, while Magic Empire Global Ltd (MEGL) share price is $1.19, making it a Sell.

Magic Empire Global Ltd (MEGL) 20-Day simple moving average is 1.237, while Magic Empire Global Ltd (MEGL) share price is $1.19, making it a Sell.

Magic Empire Global Ltd (MEGL) 60-Day simple moving average is 1.267, while Magic Empire Global Ltd (MEGL) share price is $1.19, making it a Sell.

Magic Empire Global Ltd (MEGL) 200-Day simple moving average is 1.413, while Magic Empire Global Ltd (MEGL) share price is $1.19, making it a Sell.

Magic Empire Global Ltd (MEGL) 250-Day simple moving average is 1.45, while Magic Empire Global Ltd (MEGL) share price is $1.19, 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 strong sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 4 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 1.146 and a major resistance level at 1.416. Traders also monitor the pivot point at 1.298 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 43.109. 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 -0.000544, suggesting MEGL is strong 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 $1.19, which is below its 200-day simple moving average of 1.413. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.