MAGNERA CORP (MAGN) Technical Analysis
NYSE:MAGN • US55939A1079
Current stock price
MAGN Technical Rating and Analysis
Taking everything into account, MAGN scores 0 out of 10 in our technical rating. MAGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% 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 87% are performing better than MAGN.
- MAGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MAGN is lagging the market.
- MAGN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MAGN Weekly and Daily overview Charts
MAGN Setup Rating and Analysis
MAGN has a poor technical rating and the quality of the setup is also 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
MAGN Support and Resistance Analysis
8.65
When analyzing the support we can see 2 important areas.
- Support @8.94 from a trend line in the daily time frame.
- Support @8.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @9.52 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.51 to 13.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.95 from a horizontal line in the daily time frame.
MAGN 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 | 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 | 8.12 | NEGATIVE | MAGN has a low relative strength, it was outperformed by 91.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MAGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.41 | NEUTRAL | The RSI value for MAGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MAGN has a positive trend. |
| Stochastics (14,3) | 20.65 | NEUTRAL | The Stochastics value for MAGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for MAGN suggests high volalility. |
| Average Directional Index/ADX (14) | 42.83 | POSITIVE | The high ADX value value for MAGN suggests a strong trend. |
MAGN Chart- and CandleStick Pattern Analysis
MAGN Technicals: Chart, Performance Metrics, Trend & Indicators
9.25
+0.25 (+2.78%)
MAGNERA CORP / MAGN TA FAQ
What is the technical rating for MAGN stock?
ChartMill assigns a technical rating of 0 / 10 to MAGN.
Can you provide the trend direction for MAGNERA CORP?
The current trend direction for MAGNERA CORP (MAGN) is Bearish.
Can you provide the RSI signal for MAGNERA CORP?
MAGNERA CORP (MAGN) has an RSI value of 32.4137. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGNERA CORP?
The MACD indicator for MAGNERA CORP (MAGN) has a value of 0.0594646, indicating a bearish trend.
What is the short term momentum for MAGN stock?
The short term momentum for MAGNERA CORP (MAGN) is negative.