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    Technical Analysis for MAGN - Magnera Corporation

    Grade Last Price % Change Price Change
    D 20.00 -4.99% -1.05
    MAGN closed down 4.99 percent on Wednesday, November 6, 2024, on 35.01 times normal volume. It ran into resistance at its 50 day moving average. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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
    Strong Down Down Down
    Historical MAGN trend table...
    Date Alert Name Type % Chg
    20 DMA Resistance Bearish 0.00%
    200 DMA Resistance Bearish 0.00%
    50 DMA Resistance Bearish 0.00%
    MACD Bearish Centerline Cross Bearish 0.00%
    Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
    Volume Surge Other 0.00%
    Stochastic Reached Oversold Weakness 0.00%
    Gapped Up Strength 0.00%
    Below Lower BB Weakness 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Older End-of-Day Signals for MAGN ...

       Recent Intraday Alerts

    Alert Time
    Down 10% 2 days ago
    200 DMA Resistance 2 days ago
    50 DMA Resistance 2 days ago
    20 DMA Resistance 2 days ago
    2x Volume Pace 2 days ago
    View Earlier Intraday Alerts

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    MAGN Chart by TradingView
    Basic chart:

    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
    Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Nov 4 Magnera Emerges as a New Global Leader in the Specialty Materials and Nonwovens Industry, Following the Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
    Nov 4 Berry completes spin-off of health division to form new company Magnera
    Nov 1 Glatfelter Third Quarter 2024 Earnings: US$0.44 loss per share (vs US$0.44 loss in 3Q 2023)
    Oct 31 Glatfelter Q3 Loss Widens Y/Y Amid Cost Pressures, Sanctions
    Oct 30 Glatfelter Corporation Non-GAAP EPS of -$0.26, revenue of $332M
    Oct 30 Glatfelter Reports Third Quarter 2024 Results
    Oct 23 Glatfelter Shareholders Approve Proposals Related to the Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
    Oct 23 Berry and Glatfelter Announce Information for Anticipated Completion of Spin-Off and Subsequent Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
    Oct 11 Berry and Glatfelter prices upsized $800 million debt offering by Berry subsidiary
    Oct 10 Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes Offering by Berry Subsidiary in Connection with Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
    See more MAGN news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 35.23
    52 Week Low 15.795
    Average Volume 131,242
    200-Day Moving Average 22.26
    50-Day Moving Average 22.09
    20-Day Moving Average 22.59
    10-Day Moving Average 22.68
    Average True Range 1.70
    RSI (14) 9.09
    ADX 36.71
    +DI 5.35
    -DI 35.46
    Chandelier Exit (Long, 3 ATRs) 21.68
    Chandelier Exit (Short, 3 ATRs) 24.88
    Upper Bollinger Bands 24.47
    Lower Bollinger Band 20.70
    Percent B (%b) -0.19
    BandWidth 16.68
    MACD Line -0.11
    MACD Signal Line 0.16
    MACD Histogram -0.2671
    Fundamentals Value
    Market Cap 901.74 Million
    Num Shares 45.1 Million
    EPS -2.30
    Price-to-Earnings (P/E) Ratio -8.70
    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) 24.28
    Resistance 3 (R3) 24.68 23.65 23.56
    Resistance 2 (R2) 23.65 22.56 23.45 23.32
    Resistance 1 (R1) 21.83 21.89 21.32 21.43 23.09
    Pivot Point 20.80 20.80 20.55 20.60 20.80
    Support 1 (S1) 18.98 19.71 18.47 18.58 16.91
    Support 2 (S2) 17.95 19.04 17.75 16.68
    Support 3 (S3) 16.13 17.95 16.44
    Support 4 (S4) 15.73