Multi Ways Holdings Ltd [AMEX: MWG] traded at a high on Thursday, posting a 30.57 gain after which it closed the day’ session at $0.57.
The results of the trading session contributed to over 4912805 shares changing hands. Over the past one week, the price volatility of Multi Ways Holdings Ltd stands at 15.39% while the volatility over the past one month is 13.58%.
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The market cap for MWG stock reached $17.66 million, with 30.84 million shares outstanding and 8.56 million shares in the current float. Compared to the average trading volume of 612.76K shares, MWG reached a trading volume of 4912805 in the most recent trading day, which is why market watchdogs consider the stock to be active.
How has MWG stock performed recently?
Multi Ways Holdings Ltd [MWG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.37. With this latest performance, MWG shares gained by 11.32% in over the last four-week period, additionally plugging by 77.55% over the last 6 months – not to mention a rise of 36.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MWG stock in for the last two-week period is set at 66.00, with the RSI for the last a single of trading hit 72.78, and the three-weeks RSI is set at 61.66 for Multi Ways Holdings Ltd [MWG]. The present Moving Average for the last 50 days of trading for this stock 0.4509, while it was recorded at 0.4625 for the last single week of trading, and 0.3559 for the last 200 days.
