MAGNERA CORP (MAGN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MAGN - US55939A1079 - Common Stock
Taking everything into account, MAGN scores 8 out of 10 in our technical rating. Although MAGN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MAGN has an excellent technical rating, the quality of the presented setup is not ideal 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
13.51
We found 1 important support area.
- A support zone ranging from 13.65 to 13.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.85 to 14.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MAGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAGN is up. |
| ChartMill Relative Strength | 64.03 | NEUTRAL | MAGN is not amongst the best or worst performers 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). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MAGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.85 | OVERBOUGHT | The high RSI value suggests MAGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MAGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.12 | OVERBOUGHT | The high Stochastics value suggests MAGN may be overbought. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for MAGN suggests high volalility. |
| Average Directional Index/ADX (14) | 45.43 | POSITIVE | The high ADX value value for MAGN suggests a strong trend. |
14.84
-0.11 (-0.74%)
MAGNERA CORP / MAGN FAQ
What is the technical rating for MAGN stock?
ChartMill assigns a technical rating of 8 / 10 to MAGN.
What is the current trend direction of MAGNERA CORP (MAGN) stock?
The current trend direction for MAGNERA CORP (MAGN) is Bullish.
What is the RSI signal for MAGNERA CORP (MAGN) stock?
MAGNERA CORP (MAGN) has an RSI value of 71.8473. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MAGNERA CORP?
The MACD indicator for MAGNERA CORP (MAGN) has a value of 0.12637, indicating a bearish trend.
What is the buy/sell signal for MAGNERA CORP (MAGN) stock?
The buy/sell signal for MAGNERA CORP (MAGN) is buy as both the short term and long term trends are positive.