MACROGENICS INC (MGNX) Stock Technical Analysis
USA - NASDAQ:MGNX - US5560991094 - Common Stock
Taking everything into account, MGNX scores 0 out of 10 in our technical rating. MGNX'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 technical rating of MGNX is bad and it also does not present a 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
1.35
When analyzing the support we notice one important area.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.61 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.77 from a trend line in the weekly time frame.
- Resistance @1.93 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for MGNX is down. |
| ChartMill Relative Strength | 9.35 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 90.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGNX is below a declining 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) | 44.86 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 35.9 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.5 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.4 | NEGATIVE | The low ADX value for MGNX suggests a weak or negative trend. |
1.5
-0.1 (-6.25%)
MACROGENICS INC / MGNX FAQ
Can you provide the ChartMill technical rating for MACROGENICS INC?
ChartMill assigns a technical rating of 0 / 10 to MGNX.
What is the trend direction for 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 44.8555. This indicates that the stock is currently neutral.
What is the buy/sell signal for MGNX stock?
The buy/sell signal for MACROGENICS INC (MGNX) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MACROGENICS INC?
MACROGENICS INC (MGNX) has a support level at 1.37 and a resistance level at 1.61. Check the full technical report for our detailed analysis of MGNX support and resistance levels.