MAGNITE INC (MGNI) Technical Analysis
NASDAQ:MGNI • US55955D1000
Current stock price
12.38 USD
-0.11 (-0.88%)
At close:
12.49 USD
+0.11 (+0.89%)
After Hours:
MGNI Technical Rating and Analysis
We assign a technical rating of 1 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.
- 80% of all other stocks performed better in the past year than MGNI.
- MGNI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGNI is lagging the market.
- MGNI has an average volume of 2410180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MGNI is an average performer in the Media industry, it outperforms 57% of 92 stocks in the same industry.
- In the last month MGNI has a been trading in the 11.25 - 14.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGNI Weekly and Daily overview Charts
MGNI Setup Rating and Analysis
Although the technical rating is bad, MGNI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for MGNI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MGNI Support and Resistance Analysis
11.08
14.31
We found 3 important support areas.
- Support @12.05 from a trend line in the daily time frame.
- Support @11.59 from a trend line in the weekly time frame.
- A support zone ranging from 11.19 to 11.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.86 to 13.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.35 to 13.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 14.01 to 14.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGNI Technical Indicator Signal Analysis
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 | 20.43 | NEGATIVE | MGNI has a low relative strength, it was outperformed by 79.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGNI is below the rising 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) | 44.49 | NEUTRAL | The RSI value for MGNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MGNI has a negative trend. |
| Stochastics (14,3) | 27.1 | NEUTRAL | The Stochastics value for MGNI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for MGNI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.49 | NEGATIVE | The low ADX value for MGNI suggests a weak or negative trend. |
MGNI Chart- and CandleStick Pattern Analysis
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)
MGNI Technicals: Chart, Performance Metrics, Trend & Indicators
12.38
-0.11 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.88%
1 Week4.21%
2 Weeks-11.57%
1 Month1.23%
3 Month-24.51%
6 Month-52.24%
12 Month-6.92%
2 Year15.16%
3 Year33.69%
5 Year-70.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%6.03%
ATR Inc-26.02%
Range Today0.38
ADR(20)0.71
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.43
3 months CRS15.54
6 months CRS8.56
Mansfield-2.89
10 Day High13.67
10 Day Low11.81
20 Day High14.48
20 Day Low11.25
52 Week High26.65
52 Week Low8.22
CS1 End12.05
CR1 Start12.86
Volume & EV
DER(3)4.67%
DER(5)3.15%
Volume2.63M
Volume Incr-4.18%
Vol(5)2.21M
Vol(50)2.41M
MAGNITE INC / MGNI TA FAQ
What is the ChartMill technical rating of MAGNITE INC (MGNI) stock?
ChartMill assigns a technical rating of 1 / 10 to MGNI.
What is the trend direction for MGNI stock?
The current trend direction for MAGNITE INC (MGNI) is Bearish.
What is the RSI signal for MGNI stock?
MAGNITE INC (MGNI) has an RSI value of 44.491. This indicates that the stock is currently neutral.
What is the short term momentum for MAGNITE INC (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.