NASDAQ:MGNX • US5560991094
Overall MGNX gets a technical rating of 3 out of 10. 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.
Although the technical rating is bad, MGNX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.69, 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.
1.35
4 important support areas can be observed.
We can see 3 important resistance areas.
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 | 21.76 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 78.24% 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) | 47.05 | 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) | 21.51 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.7 | NEGATIVE | The low ADX value for MGNX suggests a weak or negative trend. |
1.7
-0.03 (-1.73%)
ChartMill assigns a technical rating of 3 / 10 to MGNX.
The current trend direction for MACROGENICS INC (MGNX) is Bearish.
MACROGENICS INC (MGNX) has an RSI value of 47.0491. This indicates that the stock is currently neutral.
The MACD indicator for MACROGENICS INC (MGNX) has a value of -0.0134859, indicating a bearish trend.
The short term momentum for MACROGENICS INC (MGNX) is neutral.