MACROGENICS INC (MGNX) Stock Technical Analysis
NASDAQ:MGNX • US5560991094
We assign a technical rating of 3 out of 10 to MGNX. 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.
- When comparing the yearly performance of all stocks, MGNX is a bad performer in the overall market: 76% of all stocks are doing better.
- In the last month MGNX has a been trading in the 1.66 - 1.97 range, which is quite wide. It is currently trading near the lows of this range.
- MGNX has an average volume of 1161250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- MGNX is part of the Biotechnology industry. There are 521 other stocks in this industry, MGNX did better than 46% of them.
- MGNX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGNX is lagging the market.
- Considerably lower volume is observed in the last couple of days.
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 very little resistance above the current price. There is a support zone below the current price at 1.72, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGNX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.35
We found 4 important support areas.
- A support zone ranging from 1.69 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.61 from a horizontal line in the daily time frame.
- Support @1.39 from a trend line in the daily time frame.
- Support @1.36 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.84 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.01 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for MGNX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGNX is neutral. |
| ChartMill Relative Strength | 24.62 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 75.38% 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) | 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) | 52.31 | 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) | 34.85 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.72 | NEGATIVE | The low ADX value for MGNX suggests a weak or negative trend. |
1.75
+0.05 (+2.94%)
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 52.3066. 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 -0.00929897, indicating a bearish trend.
What is the short term momentum for MGNX stock?
The short term momentum for MACROGENICS INC (MGNX) is neutral.