FIDELITY MAGELLAN ETF (FMAG) Stock Technical Analysis
NYSEARCA:FMAG - NYSE Arca - US3160923294 - ETF - Currency: USD
Overall FMAG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FMAG is only an average performer.
The long and short term trends are both positive. This is looking good!
FMAG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Looking at the yearly performance, FMAG did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month FMAG has a been trading in a tight range between 32.17 and 33.77.
Although FMAG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.23
34.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.61 to 33.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.44 from a trend line in the weekly time frame.
- Support @26.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.77 to 33.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for FMAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMAG is up. |
| ChartMill Relative Strength | 77.15 | POSITIVE | FMAG has a high relative strength, it outperformed 77.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.21 | NEUTRAL | The RSI value for FMAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FMAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.46 | OVERBOUGHT | The high Stochastics value suggests FMAG may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for FMAG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.68 | NEUTRAL | The ADX value for FMAG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:FMAG (6/26/2025, 8:04:01 PM)
33.76
+0.33 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1%
1 Week3.27%
2 Weeks2.35%
1 Month4.24%
3 Month16.09%
6 Month7.45%
12 Month13.79%
2 Year54.44%
3 Year81.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.01%
ATR Inc-23.22%
Range Today0.24
ADR(20)0.29
ADR(20)%0.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.15
Mansfield0.3
10 Day High33.77
10 Day Low32.49
20 Day High33.77
20 Day Low32.17
52 Week High33.77
52 Week Low25.24
CS1 End33.07
CR1 Start33.77
Volume & EV
DER(3)0.44%
DER(5)4.98%
Volume34.50K
Volume Incr-3.03%
Vol(5)37.88K
Vol(50)43.85K