MAGNITE INC (MGNI) Stock Technical Analysis
NASDAQ:MGNI - Nasdaq - US55955D1000 - Common Stock - Currency: USD
Taking everything into account, MGNI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MGNI 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.
When comparing the yearly performance of all stocks, we notice that MGNI is one of the better performing stocks in the market, outperforming 93% of all stocks.
MGNI is part of the Media industry. There are 97 other stocks in this industry. MGNI outperforms 90% of them.
MGNI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGNI is performing more or less in line with the market.
In the last month MGNI has a been trading in the 15.02 - 19.07 range, which is quite wide. It is currently trading near the high of this range.
MGNI has an average volume of 2425840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MGNI has an excellent technical rating, it does not present a decent entry opportunity 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
9.35
19.01
We found 3 important support areas.
- A support zone ranging from 17.63 to 17.81. 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 16.98 to 17.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.44 from a trend line in the weekly time frame.
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 MGNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGNI is up. |
| ChartMill Relative Strength | 93.33 | POSITIVE | MGNI has a high relative strength, it outperformed 93.33% off all stocks 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) | UP | POSITIVE | The current price of MGNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.14 | OVERBOUGHT | The high RSI value suggests MGNI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MGNI has a positive trend. |
| Stochastics (14,3) | 91.73 | OVERBOUGHT | The high Stochastics value suggests MGNI may be overbought. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MGNI suggests some volalility. |
| Average Directional Index/ADX (14) | 43.3 | POSITIVE | The high ADX value value for MGNI 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)
18.82
+0.59 (+3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg3.24%
1 Week6.45%
2 Weeks12.83%
1 Month17.33%
3 Month41.5%
6 Month15.18%
12 Month44.55%
2 Year37.88%
3 Year111.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%3.47%
ATR Inc58.77%
Range Today1.01
ADR(20)0.61
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.33
Mansfield2.42
10 Day High19.07
10 Day Low16.81
20 Day High19.07
20 Day Low15.02
52 Week High21.29
52 Week Low8.22
CS1 End17.81
CR1 StartN/A
Volume & EV
DER(3)3.6%
DER(5)1.19%
Volume2.46M
Volume Incr19.73%
Vol(5)2.23M
Vol(50)2.43M