Taking everything into account, MGNI scores 0 out of 10 in our technical rating. MGNI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than MGNI.
- MGNI is part of the Media industry. There are 91 other stocks in this industry, of which 60% are performing better than MGNI.
- MGNI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MGNI has a been trading in the 11.04 - 16.82 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MGNI has an average volume of 2402060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MGNI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.53
When analyzing the support we notice one important area.
- Support @9.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.27 to 11.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.31 from a trend line in the daily time frame.
- A resistance zone ranging from 15.33 to 15.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.70 from a horizontal 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 | 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 | 10.27 | NEGATIVE | MGNI has a low relative strength, it was outperformed by 89.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGNI is below 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) | UP | MIXED | The current price of MGNI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.34 | OVERSOLD | The low RSI value suggests MGNI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests MGNI has a negative trend. |
| Stochastics (14,3) | 8.98 | OVERSOLD | The low Stochastics value suggests MGNI may be oversold. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for MGNI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.14 | POSITIVE | The high ADX value value for MGNI suggests a strong trend. |
NASDAQ:MGNI (2/6/2026, 3:31:03 PM)
11.25
-0.03 (-0.27%)
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 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 24.3394. This indicates that the stock is currently oversold.
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.