MAGNERA CORP (MAGN) Stock Technical Analysis
NYSE:MAGN - New York Stock Exchange, Inc. - US55939A1079 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MAGN. MAGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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.
In the last month MAGN has a been trading in the 11.43 - 15.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MAGN is bad and it also does not present a 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
12.91
13.17
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 MAGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAGN is down. |
| 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) | DOWN | NEGATIVE | The current price of MAGN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for MAGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MAGN has a positive trend. |
| Stochastics (14,3) | 47.91 | NEUTRAL | The Stochastics value for MAGN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for MAGN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.65 | POSITIVE | The high ADX value value for MAGN suggests a strong 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)
13.04
+0.79 (+6.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg6.45%
1 Week10.41%
2 Weeks8.31%
1 Month4.91%
3 Month-35.16%
6 Month-34.01%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%6.02%
ATR Inc-13.93%
Range Today0.82
ADR(20)0.7
ADR(20)%5.35%
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 High13.14
10 Day Low11.43
20 Day High15.64
20 Day Low11.43
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)3.54%
DER(5)4.53%
Volume535.57K
Volume Incr-35.74%
Vol(5)510.15K
Vol(50)623.06K