Magic Empire Global Ltd’s recently made public that its Chief Executive Officer Chen Sze Hon, Johnson acquired Company’s shares for reported $0.84 million on Jan 09 ’25. In the deal valued at $0.56 per share,1,500,000 shares were bought.
Price Performance Review of MEGL
On Tuesday, Magic Empire Global Ltd [NASDAQ:MEGL] saw its stock jump 1.22% to $0.91. Over the last five days, the stock has gained 62.56%. Magic Empire Global Ltd shares have risen nearly 68.55% since the year began. Nevertheless, the stocks have fallen -20.87% over the past one year. While a 52-week high of $1.38 was reached on 01/06/25, a 52-week low of $0.41 was recorded on 01/02/25. SMA at 50 days reached $0.5231, while 200 days put it at $0.5513.
Levels Of Support And Resistance For MEGL Stock
The 24-hour chart illustrates a support level at 0.7775, which if violated will result in even more drops to 0.6449. On the upside, there is a resistance level at 0.9763. A further resistance level may holdings at 1.0425. The Relative Strength Index (RSI) on the 14-day chart is 83.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2199, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.81%. Stochastics %K at 54.19% indicates the stock is a holding.
How much short interest is there in Magic Empire Global Ltd?
A steep rise in short interest was recorded in Magic Empire Global Ltd stocks on 2024-12-13, dropping by -0.15 million shares to a total of 93897.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.25 million shares. There was a decline of -164.36%, which implies that there is a negative sentiment for the stock.
