Technical Analysis for MAGN - Magnera Corporation

Grade Last Price % Change Price Change
F 18.45 2.05% 0.37
MAGN closed up 2.05 percent on Wednesday, November 20, 2024, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Down Down Flat

Date Alert Name Type % Chg
1,2,3 Retracement Bearish Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
180 Bearish Setup Bearish Swing Setup 2.05%
Narrow Range Bar Range Contraction 2.05%
Outside Day Range Expansion 2.05%
Wide Bands Range Expansion 2.05%
Oversold Stochastic Weakness 2.05%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 19 hours ago
10 DMA Resistance about 19 hours ago
Outside Day about 19 hours ago
Down 3% about 19 hours ago
Up 3% about 19 hours ago

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Profile

Magnera Corp. engages in a wide range of products, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and products serving the food and beverage industry. The company was founded on November 4, 2024 and is headquartered in Charlotte, NC.
Classification

Sector: Basic Materials
Industry: Paper & Paper Products
Keywords: Construction Products Personal Hygiene Products Beverage Industry Absorbent Hygiene Products

Is MAGN 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 35.23
52 Week Low 15.795
Average Volume 525,881
200-Day Moving Average 22.19
50-Day Moving Average 21.61
20-Day Moving Average 20.59
10-Day Moving Average 18.49
Average True Range 1.39
RSI (14) 33.33
ADX 51.91
+DI 8.34
-DI 34.23
Chandelier Exit (Long, 3 ATRs) 22.60
Chandelier Exit (Short, 3 ATRs) 21.27
Upper Bollinger Bands 25.20
Lower Bollinger Band 15.98
Percent B (%b) 0.27
BandWidth 44.80
MACD Line -1.16
MACD Signal Line -0.93
MACD Histogram -0.2359
Fundamentals Value
Market Cap 831.85 Million
Num Shares 45.1 Million
EPS -2.30
Price-to-Earnings (P/E) Ratio -8.02
Price-to-Sales 0.07
Price-to-Book 0.40
PEG Ratio 1.80
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.34
Resistance 3 (R3) 20.21 19.45 20.03
Resistance 2 (R2) 19.45 18.97 19.51 19.92
Resistance 1 (R1) 18.95 18.67 19.20 19.08 19.81
Pivot Point 18.19 18.19 18.31 18.25 18.19
Support 1 (S1) 17.69 17.71 17.94 17.82 17.09
Support 2 (S2) 16.93 17.41 16.99 16.98
Support 3 (S3) 16.43 16.93 16.88
Support 4 (S4) 16.56