MACROGENICS INC (MGNX) Technical Analysis
NASDAQ:MGNX • US5560991094
Current stock price
MGNX Technical Rating and Analysis
Overall MGNX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MGNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- MGNX is part of the Biotechnology industry. There are 518 other stocks in this industry. MGNX outperforms 83% of them.
- MGNX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGNX is performing more or less in line with the market.
- MGNX has an average volume of 1159380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MGNX did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month MGNX has a been trading in the 1.59 - 3.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGNX Weekly and Daily overview Charts
MGNX Setup Rating and Analysis
Although MGNX has an excellent technical rating, it does not offer a high quality setup 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
MGNX Support and Resistance Analysis
1.54
4 important support areas can be observed.
- A support zone ranging from 1.79 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.70 from a horizontal line in the daily time frame.
- Support @1.61 from a horizontal line in the daily time frame.
- Support @1.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.01 from a horizontal line in the weekly time frame.
MGNX 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 | UP | POSITIVE | The long term trend for MGNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGNX is up. |
| ChartMill Relative Strength | 95.18 | POSITIVE | MGNX has a high relative strength, it outperformed 95.18% 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) | UP | POSITIVE | The current price of MGNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.84 | NEUTRAL | The RSI value for MGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MGNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.02 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.03 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 41.69 | POSITIVE | The high ADX value value for MGNX suggests a strong trend. |
MGNX Chart- and CandleStick Pattern Analysis
MGNX Technicals: Chart, Performance Metrics, Trend & Indicators
2.9
-0.08 (-2.68%)
MACROGENICS INC / MGNX TA FAQ
Can you provide the ChartMill technical rating for MACROGENICS INC?
ChartMill assigns a technical rating of 9 / 10 to MGNX.
What is the current trend direction of MACROGENICS INC (MGNX) stock?
The current trend direction for MACROGENICS INC (MGNX) is Bullish.
What is the RSI signal for MGNX stock?
MACROGENICS INC (MGNX) has an RSI value of 64.8358. 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 0.045115, indicating a bearish trend.
What is the short term momentum for MGNX stock?
The short term momentum for MACROGENICS INC (MGNX) is positive.