ROUNDHILL MAGNIFICENT SEVEN (MAGS) Stock Technical Analysis
NYSEARCA:MAGS - NYSE Arca - US53656G4982 - ETF - Currency: USD
Taking everything into account, MAGS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MAGS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MAGS is one of the better performing stocks in the market, outperforming 84% of all stocks.
MAGS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MAGS is lagging the market slightly.
In the last month MAGS has a been trading in the 51.24 - 55.62 range, which is quite wide. It is currently trading near the high of this range.
MAGS has an average volume of 2394530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although MAGS has an excellent technical rating, it does not offer a high 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
41.80
57.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 52.85 to 54.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.22 to 42.51. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @56.63 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for MAGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAGS is up. |
| ChartMill Relative Strength | 84.24 | POSITIVE | MAGS has a high relative strength, it outperformed 84.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.52 | NEUTRAL | The RSI value for MAGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MAGS has a positive trend. |
| Stochastics (14,3) | 94.63 | OVERBOUGHT | The high Stochastics value suggests MAGS may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for MAGS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for MAGS 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)
55.58
+0.57 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.04%
1 Week5.15%
2 Weeks3.87%
1 Month5.07%
3 Month20.75%
6 Month-1.33%
12 Month23.21%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%1.65%
ATR Inc-15.66%
Range Today0.85
ADR(20)0.83
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.24
Mansfield0.51
10 Day High55.62
10 Day Low52.75
20 Day High55.62
20 Day Low51.24
52 Week High58.69
52 Week Low38.51
CS1 End54.26
CR1 Start56.63
Volume & EV
DER(3)0.92%
DER(5)1.66%
Volume2.92M
Volume Incr9.03%
Vol(5)2.50M
Vol(50)2.39M