Overall MAGS gets a technical rating of 8 out of 10. 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.
MAGS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 65.54 to 65.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 62.79 to 64.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.73 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.
- Resistance @69.06 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 | 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 | 81.77 | POSITIVE | MAGS has a high relative strength, it outperformed 81.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MAGS is above 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) | 57.09 | NEUTRAL | The RSI value for MAGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MAGS has a positive trend. |
| Stochastics (14,3) | 87.79 | OVERBOUGHT | The high Stochastics value suggests MAGS may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for MAGS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.25 | NEGATIVE | The low ADX value for MAGS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 69.07 | 65.53 | 3.54 (5.13%) | 19.51% |
| An entry @69.07. This is a Buy Stop order right above the resistance zone. | An exit @65.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.54 points, which is 5.13%. | For a 1.00% total portfolio risk, you can invest 19.51% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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ROUNDHILL MAGNIFICENT SEVEN / MAGS FAQ
What is the ChartMill technical rating of ROUNDHILL MAGNIFICENT SEVEN (MAGS) stock?
ChartMill assigns a technical rating of 8 / 10 to MAGS.
Can you provide the trend direction for ROUNDHILL MAGNIFICENT SEVEN?
The current trend direction for ROUNDHILL MAGNIFICENT SEVEN (MAGS) is Bullish.
What is the RSI signal for ROUNDHILL MAGNIFICENT SEVEN (MAGS) stock?
ROUNDHILL MAGNIFICENT SEVEN (MAGS) has an RSI value of 57.0922. This indicates that the stock is currently neutral.
What is the short term momentum for MAGS stock?
The short term momentum for ROUNDHILL MAGNIFICENT SEVEN (MAGS) is positive.
What is the support and resistance level for MAGS stock?
ROUNDHILL MAGNIFICENT SEVEN (MAGS) has a support level at 65.72 and a resistance level at 69.06. Check the full technical report for our detailed analysis of MAGS support and resistance levels.