MACROGENICS INC (MGNX) Technical Analysis
NASDAQ:MGNX • US5560991094
Current stock price
MGNX Technical Rating and Analysis
Taking everything into account, MGNX scores 9 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, MGNX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- MGNX is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 516 stocks in the same industry.
- MGNX 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 MGNX is lagging the market slightly.
- MGNX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- MGNX has an average volume of 1107850 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 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MGNX Weekly and Daily overview Charts
MGNX Setup Rating and Analysis
Although MGNX has an excellent technical rating, the quality of the presented setup is 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
MGNX Support and Resistance Analysis
1.59
We found 4 important support areas.
- A support zone ranging from 3.40 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.07 from a trend line in the daily time frame.
- A support zone ranging from 1.89 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.61 to 3.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 96 | POSITIVE | MGNX has a high relative strength, it outperformed 96% 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) | 63.63 | NEUTRAL | The RSI value for MGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MGNX has a negative trend. |
| Stochastics (14,3) | 61.62 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.17 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 42.61 | 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
3.48
+0.02 (+0.58%)
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 MACROGENICS INC (MGNX) stock?
MACROGENICS INC (MGNX) has an RSI value of 63.6307. This indicates that the stock is currently neutral.
What is the MACD signal for MACROGENICS INC (MGNX) stock?
The MACD indicator for MACROGENICS INC (MGNX) has a value of -0.0133323, indicating a bearish trend.
What are the support and resistance levels for MACROGENICS INC (MGNX) stock?
MACROGENICS INC (MGNX) has a support level at 3.47 and a resistance level at 3.61. Check the full technical report for our detailed analysis of MGNX support and resistance levels.