Technical Analysis for MGNI - Magnite, Inc.

Grade Last Price % Change Price Change
C 39.1 -3.24% -1.31
MGNI closed down 3.24 percent on Friday, March 5, 2021, on 1.36 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. 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.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down
Historical MGNI trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Multiple of Ten Bearish Other 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Older End-of-Day Signals for MGNI ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 1 ATR about 13 hours ago
60 Minute Opening Range Breakdown about 14 hours ago
2x Volume Pace about 14 hours ago
Fell Below Previous Day's Low about 14 hours ago
Down 10% about 14 hours ago
View Earlier Intraday Alerts

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Profile

Magnite, Inc. Description

Magnite Inc. operates an independent sell-side advertising platform in the United States and internationally. The company offers applications and services for digital advertising inventory sellers, including websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed. It also provides demand manager services for sellers to monetize their advertising inventory through configuration tools and analytics to make it easier to deploy, configure, and optimize prebid-based header bidding solutions. The company is headquartered in Los Angeles, California.


Classification

Sector: Technology
Industry: Software - Infrastructure
Keywords: E Commerce Digital Media Advertising Online Advertising Digital Advertising Advertising Platform Media Properties Digital Media Properties Advertising Inventory Media Manipulation

Is MGNI 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 64.39
52 Week Low 4.09
Average Volume 5,950,014
200-Day Moving Average 17.15
50-Day Moving Average 41.10
20-Day Moving Average 53.72
10-Day Moving Average 49.28
Average True Range 6.08
ADX 29.82
+DI 16.99
-DI 36.04
Chandelier Exit (Long, 3 ATRs ) 46.16
Chandelier Exit (Short, 3 ATRs ) 51.75
Upper Bollinger Band 66.80
Lower Bollinger Band 40.63
Percent B (%b) -0.06
BandWidth 48.72
MACD Line 0.59
MACD Signal Line 3.39
MACD Histogram -2.8006
Fundamentals Value
Market Cap 4.38 Billion
Num Shares 112 Million
EPS -0.42
Price-to-Earnings (P/E) Ratio -92.54
Price-to-Sales 8.27
Price-to-Book 5.97
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 50.22
Resistance 3 (R3) 49.59 45.26 48.36
Resistance 2 (R2) 45.26 42.43 45.57 47.74
Resistance 1 (R1) 42.18 40.68 40.02 42.81 47.13
Pivot Point 37.85 37.85 36.77 38.16 37.85
Support 1 (S1) 34.77 35.02 32.61 35.40 31.07
Support 2 (S2) 30.44 33.27 30.75 30.46
Support 3 (S3) 27.36 30.44 29.84
Support 4 (S4) 27.99