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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.
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MarketClub’s Trade Triangles for MAGX
The long-term trend has been DOWN since Aug 5th, 2024 at 24.97
The intermediate-term trend has been UP since Sep 17th, 2024 at 33.60
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).
| 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 High | 41.9136 | 52wk High Date | 2024-07-10 |
| 52wk Low | 22.581 | 52wk Low Date | 2024-04-25 |
| Average Volume | 48,316 |