Taking everything into account, MGNX scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MGNX was also a bad performer in the overall market in the last year.
- 87% of all other stocks performed better in the past year than MGNX.
- MGNX is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 61% are performing better than MGNX.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MGNX has an average volume of 1441340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- In the last month MGNX has a been trading in the 1.50 - 1.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MGNX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone.
More info and screens
1.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.68 to 1.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.36 to 1.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @1.81 from a trend line in the daily time frame.
- Resistance @1.84 from a horizontal line 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 | UP | POSITIVE | The short term trend for MGNX is up. |
| ChartMill Relative Strength | 13.14 | NEGATIVE | MGNX has a low relative strength, it was outperformed by 86.86% 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) | 58.19 | NEUTRAL | The RSI value for MGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGNX has a negative trend. |
| Stochastics (14,3) | 50.93 | NEUTRAL | The Stochastics value for MGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for MGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.93 | POSITIVE | The high ADX value value for MGNX suggests a strong trend. |
NASDAQ:MGNX (1/21/2026, 11:53:02 AM)
1.76
+0.01 (+0.57%)
MACROGENICS INC / MGNX FAQ
Can you provide the ChartMill technical rating for MACROGENICS INC?
ChartMill assigns a technical rating of 5 / 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 58.1895. 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 -0.00146359, indicating a bearish trend.
What is the short term momentum for MGNX stock?
The short term momentum for MACROGENICS INC (MGNX) is positive.