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Stock Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
American Beacon Select Funds American Beacon GLG Natural Resources ETF (PACF:MGNR)
Sidelines Mode (-55) - MGNR 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 MGNR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGNR.
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 MGNR
The long-term trend has been DOWN since Jul 25th, 2024 at 28.4100
The intermediate-term trend has been DOWN since Sep 6th, 2024 at 27.6163
The short-term trend has been UP since Sep 12th, 2024 at 27.3500
Smart Scan Analysis for MGNR
Based on our trend formula, MGNR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 29.0100 | 29.1000 | 27.2600 | 29.0526 | +0.2848 |
| Prev. Close | Volume | Bid | Ask | Time |
| 28.7678 | 10740 | 2024-09-16 15:06:22 |
| 52wk High | 32.71 | 52wk High Date | 2024-05-31 |
| 52wk Low | 23.95 | 52wk Low Date | 2024-02-13 |
| Average Volume | 7,702 |