MAGNERA CORP (MAGN) Stock Technical Analysis
NYSE:MAGN - New York Stock Exchange, Inc. - US55939A1079 - Common Stock - Currency: USD
Taking everything into account, MAGN scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MAGN was also a bad performer in the overall market in the last year.
100% of all other stocks performed better in the past year than MAGN.
MAGN is part of the Paper & Forest Products industry. There are 9 other stocks in this industry, of which 100% are performing better than MAGN.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MAGN has a been trading in the 10.39 - 14.01 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
MAGN has an average technical rating and also the quality of the setup is only medium 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
11.37
13.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.72 to 12.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.85 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.48 to 11.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @13.45 from a horizontal line in the weekly time frame.
- Resistance @13.74 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 MAGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAGN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MAGN 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 MAGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAGN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 51.6 | NEUTRAL | The RSI value for MAGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MAGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.77 | OVERBOUGHT | The high Stochastics value suggests MAGN may be overbought. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for MAGN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.45 | NEGATIVE | The low ADX value for MAGN 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)
13.07
-0.33 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-2.46%
1 Week2.83%
2 Weeks10.2%
1 Month0.85%
3 Month-0.15%
6 Month-41.94%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%4.71%
ATR Inc-15.85%
Range Today0.47
ADR(20)0.54
ADR(20)%4.11%
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 High13.88
10 Day Low10.39
20 Day High14.01
20 Day Low10.39
52 Week HighN/A
52 Week LowN/A
CS1 End12.99
CR1 Start13.45
Volume & EV
DER(3)-0.07%
DER(5)1.21%
Volume335.00K
Volume Incr-44.2%
Vol(5)448.54K
Vol(50)841.29K