In a filing, Magic Empire Global Ltd revealed 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 Friday, Magic Empire Global Ltd [NASDAQ:MEGL] saw its stock jump 2.71% to $0.53. Over the last five days, the stock has lost -1.76%. Magic Empire Global Ltd shares have fallen nearly -1.82% since the year began. Nevertheless, the stocks have fallen -33.33% 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 02/03/25. SMA at 50 days reached $0.5584, while 200 days put it at $0.5461.
Levels Of Support And Resistance For MEGL Stock
The 24-hour chart illustrates a support level at 0.4898, which if violated will result in even more drops to 0.4494. On the upside, there is a resistance level at 0.5752. A further resistance level may holdings at 0.6202. The Relative Strength Index (RSI) on the 14-day chart is 44.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0342, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.51%. Stochastics %K at 28.13% 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 2025-01-15, growing by 0.31 million shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 93897.0 shares. There was a rise of 77.03%, which implies that there is a positive sentiment for the stock.
