MAGNITE INC (MGNI) Stock Technical Analysis
NASDAQ:MGNI - Nasdaq - US55955D1000 - Common Stock - Currency: USD
Overall MGNI gets a technical rating of 9 out of 10. 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.
The long and short term trends are both positive. This is looking good!
MGNI is part of the Media industry. There are 97 other stocks in this industry. MGNI outperforms 94% of them.
MGNI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGNI is lagging the market slightly.
In the last month MGNI has a been trading in the 16.99 - 25.27 range, which is quite wide. It is currently trading near the high of this range.
MGNI has an average volume of 2683070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MGNI did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
Although MGNI has an excellent technical rating, it does not present a decent entry opportunity 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
18.69
22.80
When analyzing the support we can see 2 important areas.
- Support @20.27 from a trend line in the daily time frame.
- Support @18.88 from a trend line in the daily 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 | 96.52 | POSITIVE | MGNI has a high relative strength, it outperformed 96.52% 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) | 63.84 | NEUTRAL | The RSI value for MGNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MGNI has a negative trend. |
| Stochastics (14,3) | 72.41 | NEUTRAL | The Stochastics value for MGNI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for MGNI suggests some volalility. |
| Average Directional Index/ADX (14) | 50.57 | 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)
22.57
-0.88 (-3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-3.75%
1 Week-7.99%
2 Weeks7.63%
1 Month27.66%
3 Month133.16%
6 Month44.59%
12 Month58.72%
2 Year49.17%
3 Year195.42%
5 Year275.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%4.53%
ATR Inc-27.27%
Range Today0.98
ADR(20)0.94
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.52
Mansfield3.89
10 Day High25.27
10 Day Low20.66
20 Day High25.27
20 Day Low16.99
52 Week High25.27
52 Week Low8.22
CS1 End20.27
CR1 StartN/A
Volume & EV
DER(3)2.55%
DER(5)1.91%
Volume2.78M
Volume Incr59.24%
Vol(5)4.42M
Vol(50)2.68M