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Stock Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Magnite, Inc. (NASDAQ:MGNI)

Sidelines Mode (+55) - MGNI 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 MGNI?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGNI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MGNI
Open High Low MGNI Price Change
16.36 16.68 16.27 16.64 +0.22
Entry Signal

MarketClub’s Trade Triangles for MGNI

long term up The long-term trend has been UP since May 16th, 2024 at 12.400

intermediate term down The intermediate-term trend has been DOWN since Dec 17th, 2024 at 16.072

short term up The short-term trend has been UP since Dec 26th, 2024 at 16.620

Smart Scan Analysis for MGNI

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

+55
Smart Scan Analysis for MGNI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.36 16.68 16.27 16.64 +0.22
Prev. Close Volume Bid Ask Time
16.42 369879 2024-12-26 14:28:02
52wk High18.3852wk High Date2024-11-25
52wk Low8.37552wk Low Date2024-04-22
Average Volume1,504,651Shares Outstanding140,690
Assets273,787,100MLiabilities201,199,500M
P/E Ratio126.3077
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