Overall MAGS gets a technical rating of 5 out of 10. In the last year, MAGS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, MAGS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 65.76, a Stop Loss order could be placed below this zone.
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41.80
When analyzing the support we can see 5 important areas.
- A support zone ranging from 65.35 to 65.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.10 from a horizontal line in the daily time frame.
- A support zone ranging from 62.79 to 62.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @45.21 from a trend line in the weekly time frame.
- Support @42.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.51 to 69.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MAGS is neutral. |
| ChartMill Relative Strength | 71.07 | POSITIVE | MAGS has a high relative strength, it outperformed 71.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MAGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MAGS is below 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) | 45.98 | NEUTRAL | The RSI value for MAGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MAGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.81 | NEUTRAL | The Stochastics value for MAGS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for MAGS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for MAGS suggests a weak or negative trend. |
65.9
+0.25 (+0.38%)
ROUNDHILL MAGNIFICENT SEVEN / MAGS FAQ
What is the ChartMill technical rating of ROUNDHILL MAGNIFICENT SEVEN (MAGS) stock?
ChartMill assigns a technical rating of 5 / 10 to MAGS.
What is the current trend direction of ROUNDHILL MAGNIFICENT SEVEN (MAGS) stock?
The current trend direction for ROUNDHILL MAGNIFICENT SEVEN (MAGS) is Bullish.
What is the RSI signal for MAGS stock?
ROUNDHILL MAGNIFICENT SEVEN (MAGS) has an RSI value of 45.9795. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ROUNDHILL MAGNIFICENT SEVEN?
ROUNDHILL MAGNIFICENT SEVEN (MAGS) has a support level at 65.76 and a resistance level at 66.51. Check the full technical report for our detailed analysis of MAGS support and resistance levels.