MAGX in downward trend: price expected to drop as it breaks its higher Bollinger Band on August 12, 2025
MAGX broke above its upper Bollinger Band on August 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. The A.I.dvisor looked at 14 similar instances where the stock broke above the upper band. In of the 14 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 06, 2025. You may want to consider a long position or call options on MAGX as a result. In of 22 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 August 08, 2025. Looking at past instances where MAGX's MACD turned positive, the stock continued to rise in of 13 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MAGX advanced for three days, in of 92 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 101 cases where MAGX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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General Information
Category Trading
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 93% 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% | +0.52% | ||
| QLD - MAGX | 93% Closely correlated | -0.18% | ||
| TQQQ - MAGX | 93% Closely correlated | -0.27% | ||
| SPXL - MAGX | 90% Closely correlated | -0.04% | ||
| SSO - MAGX | 89% Closely correlated | N/A | ||
| SOXL - MAGX | 81% Closely correlated | +0.51% | ||
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