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Stock Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Magnite, Inc. (NASDAQ:MGNI)

Bear Market Rally (-75) - MGNI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGNI as it may be in the beginning of a reversal.

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.

Open High Low MGNI Price Change
8.69 8.88 8.69 8.83 +0.14
Entry Signal

MarketClub’s Trade Triangles for MGNI

long term down The long-term trend has been DOWN since Apr 22nd, 2024 at 8.405

intermediate term down The intermediate-term trend has been DOWN since Mar 25th, 2024 at 10.380

short term up The short-term trend has been UP since Apr 23rd, 2024 at 8.850

Smart Scan Analysis for MGNI

Based on our trend formula, MGNI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MGNI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.69 8.88 8.69 8.83 +0.14
Prev. Close Volume Bid Ask Time
8.84 652058 2024-04-23 15:59:56
52wk High15.7352wk High Date2023-07-13
52wk Low6.2852wk Low Date2023-10-26
Average Volume1,096,303Shares Outstanding139,932
P/E Ratio106.1429
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