INCOMESHRS MAGNIFT 7 OPT ETP (7MAG.DE) Stock Technical Analysis
FRA:7MAG - Deutsche Boerse Ag - XS3068761710 - ETF - Currency: EUR
We assign a technical rating of 2 out of 10 to 7MAG. 7MAG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of 7MAG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
35.00
When analyzing the support we notice one important area.
- A support zone ranging from 35.35 to 35.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @37.73 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for 7MAG.DE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 7MAG.DE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 7MAG.DE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 42.46 | NEUTRAL | The RSI value for 7MAG.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests 7MAG.DE has a positive trend, although the MACD value is declining. |
| Average Directional Index/ADX (14) | 26.5 | POSITIVE | The high ADX value value for 7MAG.DE suggests a strong trend. |
FRA:7MAG (8/1/2025, 7:00:00 PM)
35.356
-2.36 (-6.27%)