Technical Analysis for MAGX - Roundhill Daily 2X Long Magnificent Seven ETF

Grade Last Price % Change Price Change
B 27.45 1.44% 0.39
MAGX closed up 4.16 percent on Friday, May 3, 2024, on 1.17 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 1.44%
NR7 Range Contraction 1.44%
NR7-2 Range Contraction 1.44%
Narrow Range Bar Range Contraction 1.44%
Doji - Bearish? Reversal 1.44%
Gapped Up Strength 1.44%
Crossed Above 20 DMA Bullish 5.65%
180 Bullish Setup Bullish Swing Setup 5.65%
NR7 Range Contraction 5.65%
Narrow Range Bar Range Contraction 5.65%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 1 hour ago
Rose Above Previous Day's High about 2 hours ago
Up 1% about 2 hours ago
Possible Pocket Pivot 3 days ago
Possible NR7 3 days ago

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Profile

The fund is an actively managed ETF that seeks,as its investment objective,the growth of capital. In seeking to achieve its investment objective,the fund will invest directly in shares of the fund and in derivatives instruments,such as swap agreements and futures contracts,that provide exposure to the returns of the fund. The fund is non-diversified.
Classification

Keywords: Exchange Traded Funds Investment Management Passive Management Swaps

Is MAGX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 28.1499
52 Week Low 22.581
Average Volume 10,095
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 25.65
10-Day Moving Average 25.25
Average True Range 1.07
RSI (14) 57.26
ADX 15.16
+DI 36.33
-DI 30.02
Chandelier Exit (Long, 3 ATRs) 24.93
Chandelier Exit (Short, 3 ATRs) 25.80
Upper Bollinger Bands 28.25
Lower Bollinger Band 23.05
Percent B (%b) 0.77
BandWidth 20.28
MACD Line -0.06
MACD Signal Line -0.25
MACD Histogram 0.1865
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.51
Resistance 3 (R3) 27.48 27.29 27.44
Resistance 2 (R2) 27.29 27.18 27.31 27.41
Resistance 1 (R1) 27.18 27.10 27.08 27.21 27.38
Pivot Point 26.99 26.99 26.94 27.01 26.99
Support 1 (S1) 26.88 26.88 26.78 26.91 26.74
Support 2 (S2) 26.69 26.80 26.71 26.71
Support 3 (S3) 26.58 26.69 26.69
Support 4 (S4) 26.61