MENU

MAGX Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle MAGX on May 06, 2025, netting in a 24.19% gain over 3 weeks

A.I.dvisor
at Tickeron.com
Loading...
+24.19% Gain from a Successful pattern Cup-and-Handle
MAGX - Roundhill Daily 2X Lon Mag Sev ETF
Tickeron
Ticker: MAGX
Company: Roundhill Daily 2X Lon Mag Sev ETF
Gain: +24.19%
Confirmed: 05/06/25
Succeeded: 05/27/25
Total length: 21 days
On May 06, 2025, A.I.dvisor detected a Cup-and-Handle Pattern (Bullish) for Roundhill Daily 2X Lon Mag Sev ETF (MAGX, $31.58). On May 06, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $39.61. 21 days later, on May 27, 2025, MAGX reached the target price resulting in a +2 for traders who took a long position in the stock.

MAGX in upward trend: 10-day moving average moved above 50-day moving average on May 12, 2025

The 10-day moving average for MAGX crossed bullishly above the 50-day moving average on May 12, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 1 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

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 .

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 .

The Aroon Indicator entered an Uptrend today. In of 67 cases where MAGX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MAGX moved out of overbought territory on May 19, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 8 similar instances where the indicator moved out of overbought territory. In of the 8 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 16 cases where MAGX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 .

MAGX broke above its upper Bollinger Band on May 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

View a ticker or compare two or three
MAGX
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
Interact to see
Advertisement
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
United States
Phone
N/A
Web
N/A