ROUNDHILL MAGNIFICENT SEVEN (MAGS) Stock Technical Analysis
NYSEARCA:MAGS - NYSE Arca - US53656G4982 - ETF - Currency: USD
Overall MAGS gets a technical rating of 10 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MAGS did better than 84% of all other 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.
In the last month MAGS has a been trading in the 54.39 - 58.46 range, which is quite wide. It is currently trading near the high of this range.
MAGS has an average volume of 1982060 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, the quality of the presented setup is not ideal 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
58.83
4 important support areas can be observed.
- A support zone ranging from 54.46 to 55.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.85 to 52.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.00 from a trend line in the weekly time frame.
- Support @42.22 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.78 to 58.25. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for MAGS is up. |
| ChartMill Relative Strength | 84.57 | POSITIVE | MAGS has a high relative strength, it outperformed 84.57% 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) | 66.88 | NEUTRAL | The RSI value for MAGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MAGS has a negative trend. |
| Stochastics (14,3) | 89.09 | OVERBOUGHT | The high Stochastics value suggests MAGS may be overbought. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for MAGS suggests low volalility. |
| Average Directional Index/ADX (14) | 25.27 | POSITIVE | The high ADX value value for MAGS suggests a strong 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)
57.77
-0.43 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.74%
1 Week0.66%
2 Weeks2.28%
1 Month4.15%
3 Month20.25%
6 Month3.81%
12 Month35.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.16%
ATR Inc-8.08%
Range Today0.7
ADR(20)0.59
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.57
Mansfield0.49
10 Day High58.46
10 Day Low56.14
20 Day High58.46
20 Day Low54.39
52 Week High58.69
52 Week Low38.51
CS1 End55.34
CR1 Start57.78
Volume & EV
DER(3)0.96%
DER(5)-0.26%
Volume1.25M
Volume Incr-26.92%
Vol(5)1.33M
Vol(50)1.98M