ROUNDHILL MAGNIFICENT SEVEN (MAGS) Technical Analysis
NYSEARCA:MAGS • US53656G4982
Current stock price
MAGS Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to MAGS. MAGS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month MAGS has a been trading in the 57.94 - 63.19 range, which is quite wide. It is currently trading near the lows of this range.
- MAGS has an average volume of 4137330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, MAGS turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- MAGS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MAGS is lagging the market slightly.
MAGS Weekly and Daily overview Charts
MAGS Setup Rating and Analysis
MAGS has a poor technical rating and the quality of the setup is also not perfect 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
MAGS Support and Resistance Analysis
41.80
3 important support areas can be observed.
- A support zone ranging from 58.36 to 58.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.73 from a horizontal line in the daily time frame.
- Support @42.22 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 59.78 to 60.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 61.86 to 62.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.58 to 66.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 67.62 to 67.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.06 from a horizontal line in the daily time frame.
MAGS Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MAGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAGS is down. |
| ChartMill Relative Strength | 64.55 | NEUTRAL | MAGS is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MAGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MAGS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.57 | NEUTRAL | The RSI value for MAGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MAGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.11 | NEUTRAL | The Stochastics value for MAGS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for MAGS suggests some volalility. |
| Average Directional Index/ADX (14) | 38.06 | POSITIVE | The high ADX value value for MAGS suggests a strong trend. |
MAGS Chart- and CandleStick Pattern Analysis
MAGS Technicals: Chart, Performance Metrics, Trend & Indicators
58.95
+0.44 (+0.75%)
ROUNDHILL MAGNIFICENT SEVEN / MAGS TA FAQ
What is the ChartMill technical rating of ROUNDHILL MAGNIFICENT SEVEN (MAGS) stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for MAGS stock?
ROUNDHILL MAGNIFICENT SEVEN (MAGS) has an RSI value of 38.5692. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ROUNDHILL MAGNIFICENT SEVEN?
The buy/sell signal for ROUNDHILL MAGNIFICENT SEVEN (MAGS) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ROUNDHILL MAGNIFICENT SEVEN (MAGS) stock?
ROUNDHILL MAGNIFICENT SEVEN (MAGS) has a support level at 58.46 and a resistance level at 59.78. Check the full technical report for our detailed analysis of MAGS support and resistance levels.