MAGYAR BANCORP INC (MGYR) Stock Technical Analysis
NASDAQ:MGYR - Nasdaq - US55977T2087 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MGYR. Both in the recent history as in the last year, MGYR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: MGYR has an average volume of 8544 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MGYR did better than 84% of all other stocks. We also observe that the gains produced by MGYR over the past year are nicely spread over this period.
MGYR is one of the better performing stocks in the Banks industry, it outperforms 90% of 393 stocks in the same industry.
MGYR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGYR is lagging the market slightly.
In the last month MGYR has a been trading in the 16.50 - 17.51 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
MGYR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.15, a Stop Loss order could be placed below this zone.
More info and screens
13.83
17.45
We found 4 important support areas.
- A support zone ranging from 16.86 to 17.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.33 to 16.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.50 to 14.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @13.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.26 to 17.28. 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 | 84.94 | POSITIVE | MGYR has a high relative strength, it outperformed 84.94% 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) | 58.54 | NEUTRAL | The RSI value for MGYR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGYR has a positive trend. |
| Stochastics (14,3) | 76.24 | NEUTRAL | The Stochastics value for MGYR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MGYR suggests low volalility. |
| Average Directional Index/ADX (14) | 39.76 | POSITIVE | The high ADX value value for MGYR suggests a strong 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)
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 |
|---|---|---|---|
| 17.29 | 16.85 | 0.44 (2.54%) | 25.00% |
| An entry @17.29. This is a Buy Stop order right above the resistance zone. | An exit @16.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of MGYR. Please evaluate whether better entry and exit points can be found.
- 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 (8/8/2025, 8:00:00 PM)
17.25
+0.2 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.17%
1 Week2.19%
2 Weeks0.7%
1 Month0.88%
3 Month17.35%
6 Month18.39%
12 Month38.33%
2 Year57.68%
3 Year41.28%
5 Year115.36%
10 Year76.74%
15 Year398.56%
Volatility
ATR(14)0.34
ATR(20)%1.94%
ATR Inc5.72%
Range Today0
ADR(20)0.25
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.94
Mansfield1.05
10 Day High17.51
10 Day Low16.55
20 Day High17.51
20 Day Low16.5
52 Week High19.04
52 Week Low12.1
CS1 End17.15
CR1 Start17.26
Volume & EV
DER(3)-0.47%
DER(5)2.76%
Volume300
Volume Incr-9.29%
Vol(5)2.88K
Vol(50)8.54K