MAGYAR BANCORP INC (MGYR)

US55977T2087 - Common Stock

11.25  +0.35 (+3.21%)

Technical Rating and Analysis

4

Taking everything into account, MGYR scores 4 out of 10 in our technical rating. MGYR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

Warning: MGYR has an average volume of 5688 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, MGYR outperforms 50% of them, which is more or less in line with the market.
MGYR is part of the Banks industry. There are 411 other stocks in this industry, MGYR did better than 57% of them.
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.
In the last month MGYR has a been trading in the 10.30 - 11.44 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.
Weekly and Daily overview Charts
MGYR Weekly chart
MGYR Daily chart
Setup Rating and Analysis

8

Although the technical rating is only medium, MGYR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.24, 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.
Support and Resistance Analysis

10.55

11.93

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 10.94 to 11.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @10.66 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 11.28 to 11.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.97
Mansfield-0.25
10 Day High11.44
10 Day Low10.75
20 Day High11.44
20 Day Low10.3
52 Week High12
52 Week Low9
Performance
1 Week2.74%
2 Weeks1.72%
1 Month1.9%
3 Month-3.76%
6 Month23.63%
12 Month7.92%
2 Year-6.09%
3 Year-15.73%
5 Year-10%
10 Year44.6%
15 Year117.18%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)53.51
LBB10.8
UBB11.39
MGYR Daily chart

MAGYAR BANCORP INC

NASDAQ:MGYR (4/24/2024, 7:16:24 PM)

11.25

+0.35 (+3.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.21%
1 Week2.74%
2 Weeks1.72%
1 Month1.9%
3 Month-3.76%
6 Month23.63%
12 Month7.92%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.28
ATR(20)%2.89%
ATR Inc
Range Today0.35
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.44
10 Day Low10.75
20 Day High11.44
20 Day Low10.3
52 Week High12
52 Week Low9
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume300
Volume Incr-69.32%
Vol(5)2.02K
Vol(50)5.69K