MAGX

Technical Sentiment Analysis for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). As of 2026-07-08, Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 3 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAGX stands at 48.97, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.92, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 78.96 and the Commodity Channel Index (CCI) at 42.35 further confirm a 3.38 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, MAGX is trading above its 60-day moving average of $55.66 and above its 200-day long-term moving average of $54.45. Key price levels to watch include the immediate resistance at $55.78 and strong support at $45.69. A break above $55.78 could signal a bull continuation, while falling below $45.69 may test the next Fibonacci floor at $40.55.