MACROGENICS INC (MGNX) Stock Technical Analysis
NASDAQ:MGNX - US5560991094 - Common Stock
1.77 USD
+0.07 (+4.12%)
1.75 USD
-0.02 (-1.13%)
Taking everything into account, MGNX scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MGNX was also a bad performer in the overall market in the last year.
84% of all other stocks performed better in the past year than MGNX.
MGNX 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 MGNX has a been trading in the 1.43 - 1.87 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MGNX is an average performer in the Biotechnology industry, it outperforms 48% of 545 stocks in the same industry.
MGNX has an average technical rating and the quality of the presented setup is also not ideal 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
1.17
1.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.48 from a trend line in the daily time frame.
- A support zone ranging from 1.29 to 1.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.82 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 MGNX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGNX is up. |
| ChartMill Relative Strength | 16.37 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 83.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.61 | NEUTRAL | The RSI value for MGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MGNX has a positive trend. |
| Stochastics (14,3) | 68.18 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for MGNX suggests a weak or negative 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)
1.77
+0.07 (+4.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.12%
1 Week4.73%
2 Weeks12.03%
1 Month12.03%
3 Month30.15%
6 Month-28.05%
12 Month-49.57%
2 Year-62.02%
3 Year-55.42%
5 Year-93.88%
10 Year-93.28%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%7.21%
ATR Inc-23.95%
Range Today0.08
ADR(20)0.12
ADR(20)%6.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.37
Mansfield-3.42
10 Day High1.87
10 Day Low1.44
20 Day High1.87
20 Day Low1.43
52 Week High5.1
52 Week Low0.99
CS1 End1.63
CR1 Start1.78
Volume & EV
DER(3)-12.29%
DER(5)-8.7%
Volume854.80K
Volume Incr51.68%
Vol(5)871.24K
Vol(50)881.64K