MAGYAR BANCORP INC (MGYR) Technical Analysis
NASDAQ:MGYR • US55977T2087
We assign a technical rating of 4 out of 10 to MGYR. Although MGYR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month MGYR has a been trading in the 16.82 - 20.00 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: MGYR has an average volume of 5964 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, MGYR did better than 73% of all other stocks. On top of that, MGYR also shows a nice and consistent pattern of rising prices.
- MGYR is one of the better performing stocks in the Banks industry, it outperforms 73% of 381 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MGYR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGYR is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
MGYR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 17.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGYR 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
16.31
We found 2 important support areas.
- A support zone ranging from 16.95 to 17.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 16.47 to 16.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.28 to 17.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.46 to 18.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MGYR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGYR is down. |
| ChartMill Relative Strength | 73.2 | POSITIVE | MGYR has a high relative strength, it outperformed 73.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGYR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MGYR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGYR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.13 | NEUTRAL | The RSI value for MGYR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MGYR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.59 | NEUTRAL | The Stochastics value for MGYR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MGYR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.23 | POSITIVE | The high ADX value value for MGYR suggests a strong trend. |
MGYR Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MGYR (3/12/2026, 8:00:01 PM)
17.2769
+0.12 (+0.68%)
MAGYAR BANCORP INC / MGYR FAQ
Can you provide the ChartMill technical rating for MAGYAR BANCORP INC?
ChartMill assigns a technical rating of 4 / 10 to MGYR.
What is the trend direction for MGYR stock?
The current trend direction for MAGYAR BANCORP INC (MGYR) is Bearish.
What is the RSI signal for MAGYAR BANCORP INC (MGYR) stock?
MAGYAR BANCORP INC (MGYR) has an RSI value of 43.1259. This indicates that the stock is currently neutral.
What is the short term momentum for MAGYAR BANCORP INC (MGYR) stock?
The short term momentum for MAGYAR BANCORP INC (MGYR) is negative.
What is the support and resistance level for MGYR stock?
MAGYAR BANCORP INC (MGYR) has a support level at 17 and a resistance level at 17.28. Check the full technical report for our detailed analysis of MGYR support and resistance levels.