Technical Analysis for MAGX - Roundhill Daily 2X Long Magnificent Seven ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 38.64 | 2.96% | 1.11 |
MAGX closed up 2.96 percent on Wednesday, July 3, 2024, on 4.87 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | 2.96% |
| Alert | Time |
|---|---|
| Up 3% | about 5 hours ago |
| Up 2% | about 5 hours ago |
| Possible Pocket Pivot | about 5 hours ago |
| Up 1 ATR | about 5 hours ago |
| Rose Above Previous Day's High | about 10 hours ago |
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Basic chart:
The fund is an actively managed ETF that seeks,as its investment objective,the growth of capital. In seeking to achieve its investment objective,the fund will invest directly in shares of the fund and in derivatives instruments,such as swap agreements and futures contracts,that provide exposure to the returns of the fund. The fund is non-diversified.
Keywords: Exchange Traded Funds Investment Management Passive Management Swaps
Classification
Keywords: Exchange Traded Funds Investment Management Passive Management Swaps
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Date | Title |
|---|---|
| Apr 10 | Roundhill Names Dave Mazza Chief Executive |
| Indicator | Value |
|---|---|
| 52 Week High | 38.73 |
| 52 Week Low | 22.581 |
| Average Volume | 13,922 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 30.13 |
| 20-Day Moving Average | 33.82 |
| 10-Day Moving Average | 35.06 |
| Average True Range | 1.11 |
| RSI (14) | 78.63 |
| ADX | 37.45 |
| +DI | 43.01 |
| -DI | 13.23 |
| Chandelier Exit (Long, 3 ATRs) | 35.40 |
| Chandelier Exit (Short, 3 ATRs) | 32.31 |
| Upper Bollinger Bands | 37.79 |
| Lower Bollinger Band | 29.86 |
| Percent B (%b) | 1.11 |
| BandWidth | 23.44 |
| MACD Line | 1.94 |
| MACD Signal Line | 1.62 |
| MACD Histogram | 0.3114 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 40.50 | ||||
| Resistance 3 (R3) | 40.32 | 39.53 | 40.19 | ||
| Resistance 2 (R2) | 39.53 | 39.05 | 39.62 | 40.09 | |
| Resistance 1 (R1) | 39.08 | 38.76 | 39.31 | 39.26 | 39.98 |
| Pivot Point | 38.29 | 38.29 | 38.40 | 38.38 | 38.29 |
| Support 1 (S1) | 37.84 | 37.81 | 38.07 | 38.02 | 37.30 |
| Support 2 (S2) | 37.05 | 37.52 | 37.14 | 37.19 | |
| Support 3 (S3) | 36.60 | 37.05 | 37.09 | ||
| Support 4 (S4) | 36.78 |
