Why is MAGC Down Today?
Overall Confidence: 50%
Based on news, social sentiment, options activity, and sector analysis
✅ Move Confirmation
UNCONFIRMED - Low volume suggests this move may not be sustainable.
Market Comparison
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Frequently Asked Questions
Why is MAGC stock down today?
MAGC is down 2.7% today. Full analysis will be available shortly.
Is MAGC stock a buy or sell right now?
Based on current analysis, MAGC shows 50% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →
What is the MAGC stock price target?
MAGC is currently trading at $23.13. Based on today's momentum, the expected short-term range is $22.44 - $23.82. See long-term price prediction →
Will MAGC stock continue falling?
Our analysis shows a 50% probability that MAGC's move continues in the next 1-3 days.
Is MAGC stock oversold or overbought?
MAGC's RSI (Relative Strength Index) is currently at 37.1. This shows bearish momentum - the stock has negative momentum but isn't oversold yet.
What is the momentum for MAGC stock?
MAGC's 10-day momentum indicator is at -1.13. Negative momentum - the stock has mild downward pressure which may continue short-term.
Is MAGC outperforming or underperforming the market?
MAGC (-2.73%) is currently significantly underperforming the market (-2.4% vs SPY). Today, the S&P 500 (SPY) is down -0.30%, and Nasdaq (QQQ) is down -1.20%.
What does MACD indicate for MAGC?
MAGC's MACD (-0.37) is currently below the signal line (-0.36), indicating a bearish trend. This technical signal suggests selling pressure is dominant. The trend strength (ADX: 24.1) is moderate.
Is MAGC in an uptrend or downtrend?
Based on moving average analysis, MAGC is in a bearish trend. The price ($23.13) is trading below both the 20-day SMA ($24.04) and 50-day SMA ($24.62). This alignment typically indicates sustained downward pressure.
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