MAGNITE INC (MGNI) Stock Technical Analysis
NASDAQ:MGNI - Nasdaq - US55955D1000 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MGNI. MGNI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
MGNI is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
MGNI is part of the Media industry. There are 97 other stocks in this industry. MGNI outperforms 70% of them.
In the last month MGNI has a been trading in the 8.22 - 12.99 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MGNI has an average volume of 2999840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MGNI did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MGNI is bad and it also does not present a quality setup 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
9.09
12.34
We found 1 important support area.
- Support @9.18 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.53
Mansfield-0.91
10 Day High12.29
10 Day Low9.29
20 Day High12.99
20 Day Low8.22
52 Week High21.29
52 Week Low8.22
Performance
1 Week23.43%
2 Weeks12.73%
1 Month-4.08%
3 Month-28.29%
6 Month-2%
12 Month32.97%
2 Year30%
3 Year26.63%
5 YearN/A
10 YearN/A
15 YearN/A
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)0.43
RSI(14)55.2
LBB8.3
UBB12.39
12.22
+0.32 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.69%
1 Week23.43%
2 Weeks12.73%
1 Month-4.08%
3 Month-28.29%
6 Month-2%
12 Month32.97%
2 Year30%
3 Year26.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%8.07%
ATR Inc-33.59%
Range Today0.61
ADR(20)0.9
ADR(20)%7.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.53
Mansfield-0.91
10 Day High12.29
10 Day Low9.29
20 Day High12.99
20 Day Low8.22
52 Week High21.29
52 Week Low8.22
CS1 End9.18
CR1 StartN/A
Volume & EV
DER(3)1.09%
DER(5)2.52%
Volume1.75M
Volume Incr58.87%
Vol(5)4.19M
Vol(50)3.00M