We assign a technical rating of 3 out of 10 to MGNX. In the past year, MGNX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
MGNX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.61. Right above this resistance zone may be a good entry point.
More info and screens
1.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.59 to 1.60. 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 1.53 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.36 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.00 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 | 11.1 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 88.9% 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) | DOWN | MIXED | The current price of MGNX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MGNX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.44 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 73.87 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for MGNX suggests a weak or negative trend. |
1.61
0 (0%)
MACROGENICS INC / MGNX FAQ
Can you provide the ChartMill technical rating for MACROGENICS INC?
ChartMill assigns a technical rating of 3 / 10 to MGNX.
What is the current trend direction of MACROGENICS INC (MGNX) stock?
The current trend direction for MACROGENICS INC (MGNX) is Bearish.
What is the RSI signal for MGNX stock?
MACROGENICS INC (MGNX) has an RSI value of 57.4355. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MACROGENICS INC?
The MACD indicator for MACROGENICS INC (MGNX) has a value of 0.0170398, indicating a bearish trend.
What is the short term momentum for MGNX stock?
The short term momentum for MACROGENICS INC (MGNX) is positive.