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Stock Trend Analysis Report

Prepared for you on Sunday, October 6, 2024.

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX)

Sidelines Mode (+55) - MAGX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_MAGX
Open High Low MAGX Price Change
35.6600 36.2100 35.2733 36.0700 +1.0400
Entry Signal

MarketClub’s Trade Triangles for MAGX

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 24.97

intermediate term up The intermediate-term trend has been UP since Sep 17th, 2024 at 33.60

short term down The short-term trend has been DOWN since Sep 30th, 2024 at 35.65

Smart Scan Analysis for MAGX

Based on our trend formula, MAGX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MAGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.6600 36.2100 35.2733 36.0700 +1.0400
Prev. Close Volume Bid Ask Time
36.1800 58399 2024-10-04 15:52:12
52wk High41.913652wk High Date2024-07-10
52wk Low22.58152wk Low Date2024-04-25
Average Volume48,316
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