14.38 USD
0 (0%)
14.3495 USD
-0.03 (-0.21%)
We assign a technical rating of 0 out of 10 to MGNI. MGNI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MGNI is a bad performer in the overall market: 91% of all stocks are doing better.
In the last month MGNI has a been trading in the 13.07 - 15.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MGNI has an average volume of 2830160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MGNI is part of the Media industry. There are 98 other stocks in this industry, MGNI did better than 44% of them.
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.
Considerably lower volume is observed in the last couple of days.
MGNI has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
9.41
15.00
3 important support areas can be observed.
- Support @14.07 from a horizontal line in the weekly time frame.
- Support @13.37 from a trend line in the daily time frame.
- Support @9.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.70 to 14.85. 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 | DOWN | NEGATIVE | The long term trend for MGNI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGNI is down. |
| ChartMill Relative Strength | 9.74 | NEGATIVE | MGNI has a low relative strength, it was outperformed by 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGNI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGNI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGNI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.66 | NEUTRAL | The RSI value for MGNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MGNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.4 | NEUTRAL | The Stochastics value for MGNI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for MGNI suggests high volalility. |
| Average Directional Index/ADX (14) | 33.55 | 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)
14.38
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0%
1 Week-2.01%
2 Weeks6.28%
1 Month-15.91%
3 Month-42.13%
6 Month-18.3%
12 Month-20.11%
2 Year53.96%
3 Year35.79%
5 Year-53.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%5.79%
ATR Inc-45.12%
Range Today0.39
ADR(20)0.75
ADR(20)%5.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.74
3 months CRS4.16
6 months CRS14.04
Mansfield-2.7
10 Day High15.25
10 Day Low13.08
20 Day High15.55
20 Day Low13.07
52 Week High26.65
52 Week Low8.22
CS1 End14.07
CR1 Start14.7
Volume & EV
DER(3)1.09%
DER(5)2.49%
Volume1.43M
Volume Incr-49.99%
Vol(5)1.76M
Vol(50)2.83M
MAGNITE INC / MGNI FAQ
What is the ChartMill technical rating of MAGNITE INC (MGNI) stock?
ChartMill assigns a technical rating of 0 / 10 to MGNI.
What is the current trend direction of MAGNITE INC (MGNI) stock?
The current trend direction for MAGNITE INC (MGNI) is Bearish.
What is the RSI signal for MAGNITE INC (MGNI) stock?
MAGNITE INC (MGNI) has an RSI value of 38.6643. This indicates that the stock is currently neutral.
What is the short term momentum for MGNI stock?
The short term momentum for MAGNITE INC (MGNI) is negative.
What is the buy/sell signal for MAGNITE INC (MGNI) stock?
The buy/sell signal for MAGNITE INC (MGNI) is sell as both the short term and long term trends are negative.