MAGNITE INC (MGNI) Stock Technical Analysis
NASDAQ:MGNI - Nasdaq - US55955D1000 - Common Stock - Currency: USD
Overall MGNI gets a technical rating of 0 out of 10. MGNI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MGNI is a bad performer in the overall market: 68% of all stocks are doing better.
In the last month MGNI has a been trading in the 12.75 - 21.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MGNI has an average volume of 2378660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MGNI is part of the Media industry. There are 92 other stocks in this industry, MGNI did better than 56% of them.
MGNI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
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
11.76
13.23
We found 3 important support areas.
- Support @12.88 from a horizontal line in the daily time frame.
- Support @12.23 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.88 to 11.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.38
Mansfield-0.67
10 Day High18.39
10 Day Low12.75
20 Day High21.29
20 Day Low12.75
52 Week High21.29
52 Week Low8.38
Performance
1 Week-16.96%
2 Weeks-25.93%
1 Month-31.58%
3 Month-27.25%
6 Month-0.19%
12 Month12.89%
2 Year41.41%
3 Year-0.87%
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)-0.62
RSI(14)23.63
LBB12.49
UBB20.25
13.095
-0.54 (-3.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-3.93%
1 Week-16.96%
2 Weeks-25.93%
1 Month-31.58%
3 Month-27.25%
6 Month-0.19%
12 Month12.89%
2 Year41.41%
3 Year-0.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%9.27%
ATR Inc-12.37%
Range Today1.11
ADR(20)1.15
ADR(20)%8.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.38
Mansfield-0.67
10 Day High18.39
10 Day Low12.75
20 Day High21.29
20 Day Low12.75
52 Week High21.29
52 Week Low8.38
CS1 End12.88
CR1 StartN/A
Volume & EV
DER(3)0.63%
DER(5)-0.8%
Volume3.31M
Volume Incr-0.17%
Vol(5)3.20M
Vol(50)2.38M