Technical Analysis for MGNI - Magnite, Inc.

Grade Last Price % Change Price Change
B 12.93 -4.79% -0.65
MGNI closed down 4.79 percent on Friday, June 7, 2024, on 78 percent of normal volume. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
NR7 Range Contraction -4.79%
Narrow Range Bar Range Contraction -4.79%
Inside Day Range Contraction -4.79%
Wide Bands Range Expansion -4.79%
Overbought Stochastic Strength -4.79%
Gapped Down Weakness -4.79%
Pocket Pivot Bullish Swing Setup -5.07%

   Recent Intraday Alerts

Alert Time
Down 5% 3 days ago
Down 1 ATR 3 days ago
Down 3% 3 days ago
Possible NR7 3 days ago
60 Minute Opening Range Breakdown 3 days ago

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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 Online Advertising Advertising Digital Advertising Advertising Platform Media Properties Advertising Inventory Demand Side Platform Digital Media Properties 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 15.73
52 Week Low 6.28
Average Volume 1,852,616
200-Day Moving Average 9.12
50-Day Moving Average 10.26
20-Day Moving Average 11.69
10-Day Moving Average 12.82
Average True Range 0.67
RSI (14) 64.41
ADX 46.1
+DI 40.99
-DI 14.30
Chandelier Exit (Long, 3 ATRs) 11.94
Chandelier Exit (Short, 3 ATRs) 10.89
Upper Bollinger Bands 14.53
Lower Bollinger Band 8.86
Percent B (%b) 0.72
BandWidth 48.55
MACD Line 0.94
MACD Signal Line 0.81
MACD Histogram 0.1295
Fundamentals Value
Market Cap 1.78 Billion
Num Shares 138 Million
EPS -1.67
Price-to-Earnings (P/E) Ratio -7.74
Price-to-Sales 2.21
Price-to-Book 2.01
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.82
Resistance 3 (R3) 13.89 13.68 13.67
Resistance 2 (R2) 13.68 13.45 13.64 13.62
Resistance 1 (R1) 13.30 13.31 13.20 13.23 13.57
Pivot Point 13.09 13.09 13.03 13.05 13.09
Support 1 (S1) 12.71 12.86 12.61 12.64 12.29
Support 2 (S2) 12.50 12.72 12.46 12.24
Support 3 (S3) 12.12 12.50 12.19
Support 4 (S4) 12.05