LEVERAGE SHARES 5X LONG MAGN (MAG7.MI) Stock Technical Analysis
BIT:MAG7 - Euronext Milan - XS2779861249 - ETF - Currency: EUR
We assign a technical rating of 4 out of 10 to MAG7. In the past year, MAG7 was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MAG7 is a bad performer in the overall market: 100% of all stocks are doing better.
MAG7 is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: MAG7 has an average volume of 26918 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MAG7 has a been trading in the 14.95 - 24.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MAG7 has an average technical rating and it also does not offer a high quality setup 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
18.29
22.46
When analyzing the support we notice one important area.
- A support zone ranging from 18.47 to 18.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @19.52 from a horizontal line in the weekly time frame.
- Resistance @22.24 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 | DOWN | NEGATIVE | The long term trend for MAG7.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAG7.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MAG7.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAG7.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAG7.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.62 | NEUTRAL | The RSI value for MAG7.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MAG7.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.09 | NEUTRAL | The Stochastics value for MAG7.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for MAG7.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.44 | NEGATIVE | The low ADX value for MAG7.MI suggests a weak or negative 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)
BIT:MAG7 (8/4/2025, 7:00:00 PM)
19.514
+1.04 (+5.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.63%
1 Week2.49%
2 Weeks5.14%
1 Month28.16%
3 Month109.47%
6 Month-56.23%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%6.9%
ATR Inc113.13%
Range Today1.26
ADR(20)0.87
ADR(20)%4.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High24.06
10 Day Low17.48
20 Day High24.06
20 Day Low14.95
52 Week High63.31
52 Week Low4.72
CS1 End18.47
CR1 Start19.52
Volume & EV
DER(3)0%
DER(5)0%
Volume14.83K
Volume Incr74.52%
Vol(5)33.45K
Vol(50)26.92K