MAGNERA CORP (MAGN) Stock Technical Analysis
USA - NYSE:MAGN - US55939A1079 - Common Stock
Overall MAGN gets a technical rating of 0 out of 10. 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 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
9.43
We can see 3 important resistance areas.
- Resistance @9.92 from a horizontal line in the daily time frame.
- Resistance @10.88 from a trend line in the daily time frame.
- Resistance @12.51 from a trend 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 | 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) | 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) | 39.15 | NEUTRAL | The RSI value for MAGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MAGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.18 | OVERSOLD | The low Stochastics value suggests MAGN may be oversold. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for MAGN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for MAGN suggests a weak or negative trend. |
9.53
+0.16 (+1.71%)
MAGNERA CORP / MAGN FAQ
What is the technical rating for MAGN stock?
ChartMill assigns a technical rating of 0 / 10 to MAGN.
What is the current trend direction of MAGNERA CORP (MAGN) stock?
The current trend direction for MAGNERA CORP (MAGN) is Bearish.
What is the RSI signal for MAGNERA CORP (MAGN) stock?
MAGNERA CORP (MAGN) has an RSI value of 39.1491. 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 -0.0523548, indicating a bearish trend.
What is the buy/sell signal for MAGNERA CORP (MAGN) stock?
The buy/sell signal for MAGNERA CORP (MAGN) is sell as both the short term and long term trends are negative.