


Technical Sentiment Analysis for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). As of 2026-04-22, Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAGX stands at 67.98, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 2.24, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 88.18 and the Commodity Channel Index (CCI) at 111.43 further confirm a 9.88 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, MAGX is trading below its 60-day moving average of $49.18 and below its 200-day long-term moving average of $52.37. Key price levels to watch include the immediate resistance at $57.31 and strong support at $45.97. A break above $57.31 could signal a bull continuation, while falling below $45.97 may test the next Fibonacci floor at $39.83.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 34.63 | 39.83 | 45.97 | 51.17 | 57.31 | 62.51 | 68.64 |
| Fibonacci | 39.83 | 44.16 | 46.84 | 51.17 | 55.5 | 58.18 | 62.51 |
2026-04-22
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 67.98 |
| Stochastic Oscillator | 88.18 |
| Stochastic RSI | 90.32 |
| Commodity Channel Index (CCI) | 111.43 |
| Awesome Oscillator | 7.42 |
| Momentum | 9.88 |
| MACD | 2.24 |
2026-04-22
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 54.65 | Buy |
| 10-Day | 52.1 | Buy |
| 20-Day | 47.36 | Buy |
| 60-Day | 49.18 | Buy |
| 200-Day | 52.37 | Buy |
| 250-Day | 49.41 | Buy |