MACROGENICS INC (MGNX) Stock Technical Analysis
NASDAQ:MGNX - Nasdaq - US5560991094 - Common Stock - Currency: USD
Taking everything into account, MGNX scores 2 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MGNX is a bad performer in the overall market: 91% of all stocks are doing better.
MGNX is part of the Biotechnology industry. There are 551 other stocks in this industry, of which 63% are performing better than MGNX.
MGNX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGNX has a been trading in the 1.47 - 1.88 range, which is quite wide. It is currently trading near the lows of this range.
MGNX has an average volume of 1452740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MGNX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.53, 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
1.17
1.81
We found 3 important support areas.
- A support zone ranging from 1.51 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.25 to 1.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.64 from a trend line in the daily time frame.
- A resistance zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.79 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 | NEUTRAL | NEUTRAL | The short term trend for MGNX is neutral. |
| ChartMill Relative Strength | 9.07 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 90.93% 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) | DOWN | NEGATIVE | The current price of MGNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.06 | 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) | 28.46 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.89 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for MGNX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.54
-0.07 (-4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.35%
1 Week-2.53%
2 Weeks-9.94%
1 Month-4.35%
3 Month7.69%
6 Month-40.77%
12 Month-56.25%
2 Year-66.95%
3 Year-61.21%
5 Year-94.68%
10 Year-94.16%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%7.89%
ATR Inc-13.9%
Range Today0.14
ADR(20)0.12
ADR(20)%7.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.07
Mansfield-4.47
10 Day High1.76
10 Day Low1.47
20 Day High1.88
20 Day Low1.47
52 Week High5.1
52 Week Low0.99
CS1 End1.53
CR1 Start1.64
Volume & EV
DER(3)-2.63%
DER(5)3.68%
Volume221.90K
Volume Incr-57.82%
Vol(5)332.72K
Vol(50)1.45M