ROUNDHILL MAGNIFICENT SEVEN (MAGS)
US53656G4982 - ETF
We assign a technical rating of 7 out of 10 to MAGS. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MAGS is a bad performer.
When comparing the yearly performance of all stocks, MAGS is a bad performer in the overall market: 100% of all stocks are doing better.
MAGS is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 93% of 127 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month MAGS has a been trading in the 36.24 - 41.03 range, which is quite wide. It is currently trading near the high of this range.
MAGS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 40.78. Right above this resistance zone may be a good entry point.
More info and screens
36.04
41.25
2 important support areas can be observed.
- A support zone ranging from 37.73 to 38.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.40 to 36.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 40.78 to 40.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 High41.03
10 Day Low39.56
20 Day High41.03
20 Day Low36.24
52 Week HighN/A
52 Week LowN/A
Performance
1 Week2.44%
2 Weeks2.49%
1 Month11.55%
3 Month10.19%
6 Month25.68%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.15
RSI(14)62.61
LBB38.26
UBB41.49
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 |
|---|---|---|---|
| 40.85 | 39.55 | 1.30 (3.18%) | 25.00% |
| An entry @40.85. This is a Buy Stop order right above the resistance zone. | An exit @39.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.30 points, which is 3.18%. | For a 0.80% total portfolio risk, you can invest 25.00% 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.
ROUNDHILL MAGNIFICENT SEVEN
NASDAQ:MAGS (5/17/2024, 7:11:54 PM)
After market: 40.84 +0.07 (+0.17%)40.77
+0.08 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.2%
1 Week2.44%
2 Weeks2.49%
1 Month11.55%
3 Month10.19%
6 Month25.68%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.64
ATR(20)%1.89%
ATR Inc
Range Today0.37
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High41.03
10 Day Low39.56
20 Day High41.03
20 Day Low36.24
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume115.40K
Volume Incr-37.59%
Vol(5)173.56K
Vol(50)207.34K