MAGNERA CORP (MAGN) Stock Technical Analysis
USA - NYSE:MAGN - US55939A1079 - Common Stock
10.18 USD
+2.22 (+27.89%)
10.4475 USD
+0.27 (+2.63%)
Overall MAGN gets a technical rating of 2 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.
When comparing the yearly performance of all stocks, MAGN is a bad performer in the overall market: 91% of all stocks are doing better.
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.
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.
In the last month MAGN has a been trading in the 7.82 - 12.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MAGN is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.65
12.20
We found 1 important support area.
- A support zone ranging from 8.74 to 8.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.19 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.08 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 | NEUTRAL | NEUTRAL | The long term trend for MAGN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MAGN is neutral. |
| ChartMill Relative Strength | 9.81 | NEGATIVE | MAGN has a low relative strength, it was outperformed by 90.19% 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 | MIXED | The current price of MAGN is above 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) | 58.97 | NEUTRAL | The RSI value for MAGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MAGN has a positive trend. |
| Stochastics (14,3) | 20.83 | NEUTRAL | The Stochastics value for MAGN is a neutral value. |
| 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) | 21.43 | NEUTRAL | The ADX value for MAGN suggests a possible start of a new 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)
10.18
+2.22 (+27.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg27.89%
1 Week12.11%
2 Weeks17.01%
1 Month8.64%
3 Month-23.46%
6 Month-14.74%
12 Month-48.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%6.12%
ATR Inc478.34%
Range Today2.5
ADR(20)0.51
ADR(20)%4.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.81
3 months CRS14.1
6 months CRS17.79
Mansfield-3.6
10 Day High12.5
10 Day Low7.82
20 Day High12.5
20 Day Low7.82
52 Week High23.19
52 Week Low7.82
CS1 End8.86
CR1 Start10.19
Volume & EV
DER(3)-1.38%
DER(5)0.1%
Volume9.41M
Volume Incr359.11%
Vol(5)2.69M
Vol(50)909.15K
MAGNERA CORP / MAGN FAQ
What is the technical rating for MAGN stock?
ChartMill assigns a technical rating of 2 / 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 58.9739. 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 0.116575, indicating a bearish trend.