Technical Analysis for MGYR - Magyar Bancorp, Inc.
|Grade||Last Price||% Change||$ Change|
MGYR closed up 2.07 percent on Wednesday, March 22, 2017, on 2.7 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Up||Up||Down|
|See historical MGYR trend table...|
|Date||Alert Name||Type||% Chg|
|Mar 22||Crossed Above 50 DMA||Bullish||0.00%|
|Mar 22||Narrow Range Bar||Range Contraction||0.00%|
|Mar 22||Stochastic Buy Signal||Bullish||0.00%|
|Mar 21||Fell Below 50 DMA||Bearish||2.07%|
|Mar 21||Volume Surge||Other||2.07%|
|Mar 17||Crossed Above 50 DMA||Bullish||1.04%|
|Mar 17||Narrow Range Bar||Range Contraction||1.04%|
|Mar 17||Stochastic Reached Oversold||Other||1.04%|
|Mar 16||Fell Below 50 DMA||Bearish||3.53%|
|Mar 16||Narrow Range Bar||Range Contraction||3.53%|
Get this analysis on your stocks daily!
Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio.
Magyar Bancorp, Inc. operates as the bank holding company for Magyar Bank that provides various banking products and services in New Jersey. The companys deposit products include demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit. Its loan portfolio comprises one-to four-family residential mortgage, commercial real estate, construction, commercial business, small business administration, and consumer loans, as well as home equity loans and lines of credit. The company also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers. It operates six branch offices, which are located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.
Is MGYR a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more MGYR news...
|52 Week High||14.95|
|52 Week Low||0.0|
|200-Day Moving Average||10.8204|
|50-Day Moving Average||12.9003|
|20-Day Moving Average||13.2577|
|10-Day Moving Average||13.2985|
|Average True Range||0.291|
|Chandelier Exit (Long, 3 ATRs)||14.077|
|Chandelier Exit (Short, 3 ATRs)||13.373|
|Upper Bollinger Band||13.9572|
|Lower Bollinger Band||12.5582|
|Percent B (%b)||0.35|