LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:MAG7 - XS2779861249 - ETF
Taking everything into account, MAG7 scores 4 out of 10 in our technical rating. In the last year, MAG7 was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- 91% of all other stocks performed better in the past year than MAG7.
- Warning: MAG7 has an average volume of 13014 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- MAG7 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MAG7 is lagging the market.
- In the last month MAG7 has a been trading in the 22.50 - 33.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MAG7 does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 28.64, a Stop Loss order could be placed below this zone.
More info and screens
25.87
4 important support areas can be observed.
- A support zone ranging from 28.46 to 28.64. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @27.99 from a horizontal line in the daily time frame.
- Support @27.51 from a trend line in the daily time frame.
- Support @26.13 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.87 to 30.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.30 to 32.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.53 from a trend 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 | UP | POSITIVE | The long term trend for MAG7.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MAG7.MI is neutral. |
| ChartMill Relative Strength | 9.75 | NEGATIVE | MAG7.MI has a low relative strength, it was outperformed by 90.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MAG7.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAG7.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAG7.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.52 | NEUTRAL | The RSI value for MAG7.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MAG7.MI has a negative trend. |
| Stochastics (14,3) | 29.11 | NEUTRAL | The Stochastics value for MAG7.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for MAG7.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for MAG7.MI suggests a weak or negative trend. |
BIT:MAG7 (1/15/2026, 7:00:00 PM)
28.97
+0.98 (+3.5%)
LEVERAGE SHARES 5X LONG MAGN / MAG7.MI FAQ
What is the technical rating for MAG7 stock?
ChartMill assigns a technical rating of 4 / 10 to MAG7.MI.
Can you provide the trend direction for LEVERAGE SHARES 5X LONG MAGN?
The current trend direction for LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) is Bullish.
What is the RSI signal for LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) stock?
LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) has an RSI value of 47.5171. This indicates that the stock is currently neutral.
What is the MACD signal for MAG7 stock?
The MACD indicator for LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) has a value of -0.192954, indicating a bearish trend.
Can you provide the support and resistance levels for LEVERAGE SHARES 5X LONG MAGN?
LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) has a support level at 28.64 and a resistance level at 29.87. Check the full technical report for our detailed analysis of MAG7.MI support and resistance levels.