MAGNERA CORP (MAGN) Stock Technical Analysis
USA - NYSE:MAGN - US55939A1079 - Common Stock
11.53 USD
-0.19 (-1.62%)
11.53 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MAGN. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MAGN is a bad performer in the overall market: 100% of all stocks are doing better.
MAGN is one of the lesser performing stocks in the Paper & Forest Products industry. 100% of 9 stocks in the same industry do better.
In the last month MAGN has a been trading in the 10.33 - 12.45 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
10.91
13.86
When analyzing the support we notice one important area.
- A support zone ranging from 11.02 to 11.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @11.73 from a horizontal line in the daily time frame.
- Resistance @12.90 from a trend line in the daily time frame.
- Resistance @13.72 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for MAGN is neutral. |
| 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 | MIXED | The current price of MAGN is above 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) | 49.46 | NEUTRAL | The RSI value for MAGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MAGN has a positive trend. |
| Stochastics (14,3) | 68.04 | NEUTRAL | The Stochastics value for MAGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for MAGN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for MAGN suggests a weak or negative 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)
11.53
-0.19 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-1.62%
1 Week8.16%
2 Weeks1.32%
1 Month-0.69%
3 Month-12.52%
6 Month-22.93%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%4.23%
ATR Inc20.12%
Range Today0.48
ADR(20)0.48
ADR(20)%4.18%
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 High11.93
10 Day Low10.33
20 Day High12.45
20 Day Low10.33
52 Week HighN/A
52 Week LowN/A
CS1 End11.31
CR1 Start11.73
Volume & EV
DER(3)3.45%
DER(5)2.65%
Volume525.10K
Volume Incr-3.28%
Vol(5)629.42K
Vol(50)618.23K