MAGNITE INC (MGNI) Stock Technical Analysis
NASDAQ:MGNI - US55955D1000 - Common Stock
25.565 USD
-0.38 (-1.48%)
25.38 USD
-0.19 (-0.72%)
Taking everything into account, MGNI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGNI is showing a nice and steady performance.
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 94% of all stocks.
MGNI is one of the better performing stocks in the Media industry, it outperforms 94% of 99 stocks in the same industry.
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.
MGNI has an average volume of 3196410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MGNI has a been trading in the 20.72 - 26.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
21.53
25.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.11 to 23.23. 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 22.18 to 22.53. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 21.75 to 21.75. This zone is formed by a combination of multiple trend lines 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 | 94.59 | POSITIVE | MGNI has a high relative strength, it outperformed 94.59% 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) | 60.83 | NEUTRAL | The RSI value for MGNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MGNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.64 | OVERBOUGHT | The high Stochastics value suggests MGNI may be overbought. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for MGNI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.74 | NEUTRAL | The ADX value for MGNI suggests a possible start of a new 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)
25.565
-0.38 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.48%
1 Week0.93%
2 Weeks5.12%
1 Month12.72%
3 Month45.26%
6 Month95.23%
12 Month94.86%
2 Year239.06%
3 Year289.12%
5 Year268.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%5.22%
ATR Inc28.86%
Range Today1.9
ADR(20)1.3
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.59
Mansfield4.24
10 Day High26.65
10 Day Low21.03
20 Day High26.65
20 Day Low20.72
52 Week High26.65
52 Week Low8.22
CS1 End23.23
CR1 StartN/A
Volume & EV
DER(3)4.06%
DER(5)2.79%
Volume3.22M
Volume Incr11.21%
Vol(5)3.28M
Vol(50)3.20M