MAGX's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for MAGX moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 5 similar instances when the indicator left oversold territory. In of the 5 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 25, 2025. You may want to consider a long position or call options on MAGX as a result. In of 19 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MAGX just turned positive on April 23, 2025. Looking at past instances where MAGX's MACD turned positive, the stock continued to rise in of 10 cases over the following month. The odds of a continued upward trend are .
MAGX moved above its 50-day moving average on May 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MAGX advanced for three days, in of 73 cases, the price rose further within the following month. The odds of a continued upward trend are .
MAGX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MAGX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MAGX entered a downward trend on April 11, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| MQY | 11.31 | 0.09 | +0.80% |
| Blackrock Muni Yield Quality Fund | |||
| TLH | 100.17 | 0.16 | +0.16% |
| iShares 10-20 Year Treasury Bond ETF | |||
| BSMW | 24.42 | 0.01 | +0.06% |
| Invesco BulletShares 2032 Muncpl Bd ETF | |||
| HDG | 48.64 | N/A | N/A |
| ProShares Hedge Replication | |||
| BUXX | 20.31 | -0.02 | -0.10% |
| Strive Enhanced Income Short MaturityETF | |||
MAGX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MAGX has been closely correlated with QLD. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if MAGX jumps, then QLD could also see price increases.
| Ticker / NAME | Correlation To MAGX | 1D Price Change % | ||
|---|---|---|---|---|
| MAGX | 100% | +1.78% | ||
| QLD - MAGX | 95% Closely correlated | -0.17% | ||
| TQQQ - MAGX | 95% Closely correlated | -0.24% | ||
| SSO - MAGX | 89% Closely correlated | -0.28% | ||
| SOXL - MAGX | 81% Closely correlated | +3.29% | ||
| TSLL - MAGX | 80% Closely correlated | +9.35% | ||
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