ROUNDHILL MAGNIFICENT SEVEN (MAGS) Stock Technical Analysis
USA - NYSEARCA:MAGS - US53656G4982 - ETF
62.79 USD
-2.49 (-3.81%)
62.51 USD
-0.28 (-0.45%)
Overall MAGS gets a technical rating of 8 out of 10. In the last year, MAGS was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
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 near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MAGS has an average volume of 2455780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MAGS has a been trading in a tight range between 62.75 and 65.73.
Although MAGS has an excellent technical rating, it does not present a decent entry opportunity 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
66.24
3 important support areas can be observed.
- A support zone ranging from 60.95 to 62.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.96 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 64.65 to 65.58. 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 | 84.39 | POSITIVE | MAGS has a high relative strength, it outperformed 84.39% 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 | 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) | 44.8 | NEUTRAL | The RSI value for MAGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests MAGS has a negative trend. |
| Stochastics (14,3) | 52.25 | NEUTRAL | The Stochastics value for MAGS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for MAGS suggests low volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for MAGS 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)
62.79
-2.49 (-3.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.81%
1 Week-2.55%
2 Weeks-2.58%
1 Month-0.22%
3 Month11.65%
6 Month39.97%
12 Month33.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%1.59%
ATR Inc89.78%
Range Today2.85
ADR(20)0.91
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.39
Mansfield0.75
10 Day High65.7
10 Day Low62.75
20 Day High65.73
20 Day Low62.75
52 Week High65.73
52 Week Low39
CS1 End62.78
CR1 Start64.65
Volume & EV
DER(3)-4.37%
DER(5)-3.41%
Volume5.89M
Volume Incr4.48%
Vol(5)2.75M
Vol(50)2.46M