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Technical Sentiment Analysis for American Beacon Select Funds American Beacon GLG Natural Resources ETF (MGNR). As of 2026-03-04, American Beacon Select Funds American Beacon GLG Natural Resources ETF (MGNR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MGNR stands at 53.07, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.13, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 66.53 and the Commodity Channel Index (CCI) at -8.44 further confirm a 0.3 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, MGNR is trading above its 60-day moving average of $48.37 and above its 200-day long-term moving average of $40.16. Key price levels to watch include the immediate resistance at $55.07 and strong support at $51.02. A break above $55.07 could signal a bull continuation, while falling below $51.02 may test the next Fibonacci floor at $48.75.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 46.98 | 48.75 | 51.02 | 52.79 | 55.07 | 56.84 | 59.11 |
| Fibonacci | 48.75 | 50.29 | 51.25 | 52.79 | 54.34 | 55.29 | 56.84 |
2026-03-04
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 53.07 |
| Stochastic Oscillator | 66.53 |
| Stochastic RSI | 82.48 |
| Commodity Channel Index (CCI) | -8.44 |
| Awesome Oscillator | 1.89 |
| Momentum | 0.3 |
| MACD | 1.13 |
2026-03-04
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 53.46 | Sell |
| 10-Day | 53.29 | Sell |
| 20-Day | 52.32 | Sell |
| 60-Day | 48.37 | Buy |
| 200-Day | 40.16 | Buy |
| 250-Day | 38.03 | Buy |