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Stock Trend Analysis Report

Prepared for you on Tuesday, May 30, 2023.

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.

Open High Low MGNI Price Change
11.520 11.918 11.400 11.785 +0.305
Entry Signal

MarketClub’s Trade Triangles for MGNI

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 9.121

intermediate term up The intermediate-term trend has been UP since May 11th, 2023 at 9.860

short term down The short-term trend has been DOWN since May 24th, 2023 at 11.295

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).

Smart Scan Analysis for MGNI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.520 11.918 11.400 11.785 +0.305
Prev. Close Volume Bid Ask Time
11.780 776121 2023-05-26 15:59:56
52wk High14.20552wk High Date2023-02-22
52wk Low5.58552wk Low Date2022-11-09
Average Volume1,820,416Shares Outstanding135,057
P/E Ratio106.1429
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