MAGNITE INC (MGNI) Stock Technical Analysis
NASDAQ:MGNI - Nasdaq - US55955D1000 - Common Stock - Currency: USD
Overall MGNI gets a technical rating of 3 out of 10. 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 73% of 98 stocks in the same industry.
In the last month MGNI has a been trading in the 8.22 - 12.60 range, which is quite wide. It is currently trading near the high of this range.
MGNI has an average volume of 2873030 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 59% of all stocks.
MGNI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
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 only medium 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
9.12
12.65
2 important support areas can be observed.
- A support zone ranging from 11.88 to 12.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.21 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @12.12 from a trend line in the daily time frame.
- A resistance zone ranging from 12.39 to 12.52. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS59.16
Mansfield-1.34
10 Day High12.6
10 Day Low10.63
20 Day High12.6
20 Day Low8.22
52 Week High21.29
52 Week Low8.22
Performance
1 Week-2.18%
2 Weeks8.81%
1 Month24.85%
3 Month-29.59%
6 Month-2.42%
12 Month30.92%
2 Year1.94%
3 Year10.19%
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)0.29
RSI(14)53.59
LBB9.63
UBB13.27
12.11
+0.17 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.42%
1 Week-2.18%
2 Weeks8.81%
1 Month24.85%
3 Month-29.59%
6 Month-2.42%
12 Month30.92%
2 Year1.94%
3 Year10.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%7.33%
ATR Inc-33.18%
Range Today0.57
ADR(20)0.83
ADR(20)%6.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.16
Mansfield-1.34
10 Day High12.6
10 Day Low10.63
20 Day High12.6
20 Day Low8.22
52 Week High21.29
52 Week Low8.22
CS1 End12.1
CR1 Start12.12
Volume & EV
DER(3)-2.21%
DER(5)-0.89%
Volume2.09M
Volume Incr-44.26%
Vol(5)1.74M
Vol(50)2.87M