Question 1

What implications does the 10-day RSI indicator have for MGNX?

Accepted Answer

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MGNX's RSI Oscillator exited the oversold zone, 25 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about MGNX's trend?

Accepted Answer

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Question 3

How did MGNX's Momentum indicator behave recently?

Accepted Answer

MGNX saw its Momentum Indicator move below the 0 level on July 30, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned negative. In 70 of the 85 cases, the stock moved further down in the following days. The odds of a decline are at 0%.

Question 4

What does MACD indicator imply for MGNX?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for MGNX turned negative on August 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 40 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What is the significance of the 50-day moving average indicator for MGNX?

Accepted Answer

MGNX moved below its 50-day moving average on July 31, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 6

What is the significance of the 10-day moving average indicator for MGNX?

Accepted Answer

The 10-day moving average for MGNX crossed bearishly below the 50-day moving average on August 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 7

What does a 3-day price advance indicate for MGNX?

Accepted Answer

Following a +4.14% 3-day Advance, the price is estimated to grow further. Considering data from situations where MGNX advanced for three days, in 224 of 271 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.

Question 8

What does a 3-day decline signify for MGNX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGNX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 9

What does MGNX breaking above its upper Bollinger Band indicate?

Accepted Answer

MGNX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 10

How does the Aroon Indicator reflect on MGNX's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 161 of 180 cases where MGNX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

MGNX Stock MacroGenics (MGNX, $4.67) entered Downtrend as Momentum indicator drops below 0 level on Jun 06, 2024

Momentum Indicator for MGNX turns negative, indicating new downward trend

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