MAGX
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$
0.000
0.000(0.000%)
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ET
Technical Sentiment Analysis for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). As of 2026-06-05, Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 9 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 39.44, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.7, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 14.98 and the Commodity Channel Index (CCI) at -262.67 further confirm a -5.4 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, MAGX is trading below its 60-day moving average of $53.12 and below its 200-day long-term moving average of $54.35. Key price levels to watch include the immediate resistance at $63.53 and strong support at $55.37. A break above $63.53 could signal a bull continuation, while falling below $55.37 may test the next Fibonacci floor at $50.9.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 47.21 | 50.9 | 55.37 | 59.06 | 63.53 | 67.22 | 71.69 |
| Fibonacci | 50.9 | 54.01 | 55.94 | 59.06 | 62.17 | 64.1 | 67.22 |
2026-06-05
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 39.44 |
| Stochastic Oscillator | 14.98 |
| Stochastic RSI | 22.58 |
| Commodity Channel Index (CCI) | -262.67 |
| Awesome Oscillator | 0.71 |
| Momentum | -5.4 |
| MACD | 0.7 |
2026-06-05
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 58.51 | Sell |
| 10-Day | 59.85 | Sell |
| 20-Day | 60.23 | Sell |
| 60-Day | 53.12 | Buy |
| 200-Day | 54.35 | Buy |
| 250-Day | 52.3 | Buy |