ROUNDHILL CHINA MAGNIFICENT (MAGC) Technical Analysis
NYSEARCA:MAGC • US77926X8746
Current stock price
MAGC Technical Rating and Analysis
Taking everything into account, MAGC scores 2 out of 10 in our technical rating. In the last year, MAGC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, MAGC is a bad performer in the overall market: 100% of all stocks are doing better.
- Warning: MAGC has an average volume of 5202 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month MAGC has a been trading in the 20.17 - 21.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MAGC Weekly and Daily overview Charts
MAGC Setup Rating and Analysis
MAGC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.85, a Stop Loss order could be placed below this zone.
More info and screens
MAGC Support and Resistance Analysis
19.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.71 to 20.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.11 to 20.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.02 to 21.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.59 to 21.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
MAGC Technical Indicator Signal Analysis
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 MAGC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MAGC is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MAGC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MAGC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAGC is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 51.28 | NEUTRAL | The RSI value for MAGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MAGC has a positive trend. |
| Stochastics (14,3) | 66.47 | NEUTRAL | The Stochastics value for MAGC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for MAGC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.48 | NEGATIVE | The low ADX value for MAGC suggests a weak or negative trend. |
MAGC Chart- and CandleStick Pattern Analysis
MAGC Technicals: Chart, Performance Metrics, Trend & Indicators
20.88
-0.12 (-0.57%)
ROUNDHILL CHINA MAGNIFICENT / MAGC TA FAQ
Can you provide the ChartMill technical rating for ROUNDHILL CHINA MAGNIFICENT?
ChartMill assigns a technical rating of 2 / 10 to MAGC.
What is the trend direction for MAGC stock?
The current trend direction for ROUNDHILL CHINA MAGNIFICENT (MAGC) is Bullish.
What is the RSI signal for ROUNDHILL CHINA MAGNIFICENT (MAGC) stock?
ROUNDHILL CHINA MAGNIFICENT (MAGC) has an RSI value of 51.2759. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ROUNDHILL CHINA MAGNIFICENT?
The MACD indicator for ROUNDHILL CHINA MAGNIFICENT (MAGC) has a value of 0.105811, indicating a bearish trend.
Can you provide the short term momentum for ROUNDHILL CHINA MAGNIFICENT?
The short term momentum for ROUNDHILL CHINA MAGNIFICENT (MAGC) is neutral.