MAGNITE INC (MGNI)
US55955D1000 - Common Stock
We assign a technical rating of 5 out of 10 to MGNI. In the last year, MGNI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MGNI is one of the better performing stocks in the Media industry, it outperforms 74% of 96 stocks in the same industry.
In the last month MGNI has a been trading in the 8.38 - 12.90 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MGNI has an average volume of 1581180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, MGNI outperforms 62% of them, which is more or less in line with the market.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MGNI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.66
12.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.10 to 9.22. 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 8.69 to 8.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.73 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.24 to 12.24. 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
CRS62.31
Mansfield0.59
10 Day High12.9
10 Day Low8.89
20 Day High12.9
20 Day Low8.38
52 Week High15.73
52 Week Low6.28
Performance
1 Week29.9%
2 Weeks31.47%
1 Month38.77%
3 Month15.18%
6 Month51.96%
12 Month5.18%
2 Year9.1%
3 Year-59.63%
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)0.26
RSI(14)75.21
LBB7.86
UBB10.9
MAGNITE INC
NASDAQ:MGNI (5/16/2024, 6:18:57 PM)
After market: 12 +0.01 (+0.08%)11.99
+2.19 (+22.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg22.35%
1 Week29.9%
2 Weeks31.47%
1 Month38.77%
3 Month15.18%
6 Month51.96%
12 Month5.18%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.76
ATR(20)%5.42%
ATR Inc
Range Today2.05
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 High12.9
10 Day Low8.89
20 Day High12.9
20 Day Low8.38
52 Week High15.73
52 Week Low6.28
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume14.19M
Volume Incr306.86%
Vol(5)5.12M
Vol(50)1.58M