16.8 USD
-0.08 (-0.47%)
16.9 USD
+0.1 (+0.6%)
We assign a technical rating of 3 out of 10 to MGNI. In the past year, MGNI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
MGNI is one of the better performing stocks in the Media industry, it outperforms 74% of 91 stocks in the same industry.
In the last month MGNI has a been trading in the 14.78 - 17.41 range, which is quite wide. It is currently trading near the high of this range.
MGNI has an average volume of 2700920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, MGNI turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
MGNI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGNI is lagging the market.
MGNI 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
9.48
17.05
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.36 to 16.51. 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 16.06 to 16.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.14 from a trend line in the weekly time frame.
- Support @13.95 from a trend line in the daily time frame.
- Support @9.58 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.81 to 16.88. 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 | DOWN | NEGATIVE | The long term trend for MGNI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGNI is up. |
| ChartMill Relative Strength | 44.09 | NEUTRAL | MGNI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MGNI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MGNI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.95 | NEUTRAL | The RSI value for MGNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MGNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.64 | NEUTRAL | The Stochastics value for MGNI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MGNI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for MGNI 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)
16.8
-0.08 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.47%
1 Week2.07%
2 Weeks2.19%
1 Month12.68%
3 Month-4%
6 Month-25.56%
12 Month7.62%
2 Year89.83%
3 Year39.07%
5 Year-51.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%3.93%
ATR Inc40.09%
Range Today0.68
ADR(20)0.65
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.09
3 months CRS27.77
6 months CRS12.25
Mansfield-1.44
10 Day High17.41
10 Day Low15.77
20 Day High17.41
20 Day Low14.78
52 Week High26.65
52 Week Low8.22
CS1 End16.51
CR1 Start16.81
Volume & EV
DER(3)-4.37%
DER(5)-1.71%
Volume1.71M
Volume Incr5.05%
Vol(5)2.25M
Vol(50)2.70M
MAGNITE INC / MGNI FAQ
What is the ChartMill technical rating of MAGNITE INC (MGNI) stock?
ChartMill assigns a technical rating of 3 / 10 to MGNI.
What is the trend direction for MGNI stock?
The current trend direction for MAGNITE INC (MGNI) is Bearish.
What is the RSI signal for MGNI stock?
MAGNITE INC (MGNI) has an RSI value of 59.9514. This indicates that the stock is currently neutral.
What is the short term momentum for MAGNITE INC (MGNI) stock?
The short term momentum for MAGNITE INC (MGNI) is positive.
What is the buy/sell signal for MAGNITE INC (MGNI) stock?
The buy/sell signal for MAGNITE INC (MGNI) is hold as the short term and long term trends are mixed.