Investors Watching Technical Levels of Taronis Technologies, Inc. (MNGA)


MNGA Stock of Friday with Moved of -5.15%

Taronis Technologies, Inc. (MNGA) stock price traded with dropping change along with the volume 4.02 million shares in Friday trading session. Shares are trading price at $0.87 with move of -5.15%. The company’s 3-months average volume stands at 1.21 million. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 3.32. Recent trade price levels places MNGA’s stock about -97.47% away from the 52-week high and closed -1.14% away from the 52-week low. The total dollar value of all 20.30 million outstanding shares is 0.02 billion. EPS growth in next year is estimated to reach 91.70% while EPS growth estimate for this year is set at 96.40%.

1.27% shares of the company possessed by Institutional Investors. Insiders own 1.33% of Taronis Technologies, Inc. (MNGA) shares. During last six month record, the net percent change kept by insiders has observed a change of 0.00%. The stock volatility for week was 10.86% while for month was 16.27%.

Taronis Technologies, Inc. (MNGA) recently closed with fall of -70.66% to its 20-Day Simple Moving Average. This short time frame picture represents a downward movement of current price over average price of last 20 days. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Shares of MNGA moved downward with change of -78.82% to its 50-day Moving average. This falling movement shows negative prices direction over last 50 days.

Finally observing long term time frame, 200-day simple moving average is more helpful at telling general investing trends lasting 200 days. Longer moving average timeframes are less sensitive to price fluctuations than shorter term timeframes and will generate far few signals. This will reduce the number of “whipsaws”, which is good, but will also generate signals later than when using shorter term averages. MNGA stock price revealed pessimistic move of -85.44% comparing average price of last 200 days. This comparison showed down direction of price behind its 200-SMA.

ATR value of company was 0.47. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values. ATR can display volatility of stocks, ETFs and indexes. The principal of ATR is very similar to other volatility indicators: A high ATR value signals a possible trend change. A low ATR value correlates with a weaker trend movement.


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