


Technical Sentiment Analysis for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). As of 2026-05-15, Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 8 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAGX stands at 66.96, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 3.04, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 88.99 and the Commodity Channel Index (CCI) at 105.77 further confirm a 4.74 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, MAGX is trading below its 60-day moving average of $50.69 and below its 200-day long-term moving average of $53.52. Key price levels to watch include the immediate resistance at $63.64 and strong support at $55.62. A break above $63.64 could signal a bull continuation, while falling below $55.62 may test the next Fibonacci floor at $51.45.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 47.6 | 51.45 | 55.62 | 59.47 | 63.64 | 67.49 | 71.66 |
| Fibonacci | 51.45 | 54.52 | 56.41 | 59.47 | 62.54 | 64.43 | 67.49 |
2026-05-15
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 66.96 |
| Stochastic Oscillator | 88.99 |
| Stochastic RSI | 90.15 |
| Commodity Channel Index (CCI) | 105.77 |
| Awesome Oscillator | 8.05 |
| Momentum | 4.74 |
| MACD | 3.04 |
2026-05-15
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 61.24 | Sell |
| 10-Day | 59.78 | Buy |
| 20-Day | 57.6 | Buy |
| 60-Day | 50.69 | Buy |
| 200-Day | 53.52 | Buy |
| 250-Day | 51.1 | Buy |