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Stock Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX)
Countertrend Up (+85) - MAGX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MAGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MAGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MAGX
The long-term trend has been UP since Nov 6th, 2024 at 39.85
The intermediate-term trend has been UP since Sep 17th, 2024 at 33.60
The short-term trend has been DOWN since Nov 14th, 2024 at 42.25
Smart Scan Analysis for MAGX
Based on our trend formula, MAGX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42.5600 | 42.5600 | 40.8700 | 42.1422 | -0.3778 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42.2400 | 57566 | 2024-11-20 15:57:00 |
| 52wk High | 43.749 | 52wk High Date | 2024-11-11 |
| 52wk Low | 22.581 | 52wk Low Date | 2024-04-25 |
| Average Volume | 63,708 |