We assign a technical rating of 9 out of 10 to MGYR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGYR is showing a nice and steady performance.
Although MGYR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.84
2 important support areas can be observed.
- A support zone ranging from 16.47 to 17.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.00 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.99 to 17.99. 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 | UP | POSITIVE | The long term trend for MGYR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGYR is up. |
| ChartMill Relative Strength | 76.13 | POSITIVE | MGYR has a high relative strength, it outperformed 76.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGYR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGYR is above 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) | 63.53 | NEUTRAL | The RSI value for MGYR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MGYR has a positive trend. |
| Stochastics (14,3) | 38.41 | NEUTRAL | The Stochastics value for MGYR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for MGYR suggests low volalility. |
| Average Directional Index/ADX (14) | 31.16 | POSITIVE | The high ADX value value for MGYR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.00 | 17.27 | 0.73 (4.06%) | 24.66% |
| An entry @18.00. This is a Buy Stop order right above the resistance zone. | An exit @17.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.73 points, which is 4.06%. | When investing 24.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:MGYR (1/12/2026, 8:09:52 PM)
17.98
+0.31 (+1.75%)
MAGYAR BANCORP INC / MGYR FAQ
Can you provide the ChartMill technical rating for MAGYAR BANCORP INC?
ChartMill assigns a technical rating of 9 / 10 to MGYR.
What is the trend direction for MGYR stock?
The current trend direction for MAGYAR BANCORP INC (MGYR) is Bullish.
What is the RSI signal for MAGYAR BANCORP INC (MGYR) stock?
MAGYAR BANCORP INC (MGYR) has an RSI value of 63.5287. 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 positive.
What is the support and resistance level for MGYR stock?
MAGYAR BANCORP INC (MGYR) has a support level at 17.59 and a resistance level at 17.99. Check the full technical report for our detailed analysis of MGYR support and resistance levels.