Technical Analysis for MAGN - Magnera Corporation

Grade Last Price % Change Price Change
F 18.50 -7.50% -1.50
MAGN closed down 7.5 percent on Thursday, November 7, 2024, on 25.8 times 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
Strong Down Down Down

Date Alert Name Type % Chg
Volume Surge Other 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Multiple of Ten Bearish Other 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%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -7.50%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 10 hours ago
Down 5% about 10 hours ago
Down 1 ATR about 10 hours ago
Rose Above Lower Bollinger Band about 13 hours ago
2x Volume Pace about 13 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 270,967
200-Day Moving Average 22.25
50-Day Moving Average 22.00
20-Day Moving Average 22.35
10-Day Moving Average 22.27
Average True Range 1.72
RSI (14) 6.54
ADX 40.06
+DI 4.09
-DI 45.66
Chandelier Exit (Long, 3 ATRs) 21.63
Chandelier Exit (Short, 3 ATRs) 23.40
Upper Bollinger Bands 24.93
Lower Bollinger Band 19.78
Percent B (%b) -0.25
BandWidth 23.00
MACD Line -0.40
MACD Signal Line 0.05
MACD Histogram -0.4508
Fundamentals Value
Market Cap 834.11 Million
Num Shares 45.1 Million
EPS -2.30
Price-to-Earnings (P/E) Ratio -8.04
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) 21.41
Resistance 3 (R3) 21.65 20.92 20.93
Resistance 2 (R2) 20.92 20.18 20.80 20.76
Resistance 1 (R1) 19.71 19.72 19.35 19.47 20.60
Pivot Point 18.98 18.98 18.80 18.86 18.98
Support 1 (S1) 17.77 18.24 17.41 17.53 16.40
Support 2 (S2) 17.04 17.78 16.92 16.24
Support 3 (S3) 15.83 17.04 16.08
Support 4 (S4) 15.59