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Stock Trend Analysis Report
Prepared for you on Monday, May 20, 2024.
Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ:MAGQ)
Strong Downtrend (-100) - MAGQ is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MAGQ continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MAGQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for MAGQ.
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 MAGQ
The long-term trend has been DOWN since May 6th, 2024 at 23.672
The intermediate-term trend has been DOWN since May 3rd, 2024 at 23.830
The short-term trend has been DOWN since May 14th, 2024 at 23.570
Smart Scan Analysis for MAGQ
Based on our trend formula, MAGQ is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.3700 | 23.3700 | 23.1500 | 23.1500 | -0.1502 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.3002 | 2067 | 2024-05-20 15:47:00 |
| 52wk High | 26.07 | 52wk High Date | 2024-04-22 |
| 52wk Low | 23.21 | 52wk Low Date | 2024-05-17 |
| Average Volume | 2,671 |