MAGS's second straight bounce leaves the sell signal fading
Roundhill Magnificent Seven ETF rises 4% as buyers dominate at 97%
MAGS's second straight bounce leaves the sell signal fading
Our view last week
Roundhill Magnificent Seven ETF is in week 4 of a sell signal, and the week just closed rebounded 5.7%: the decline is not confirming. Signal strength stays low at 40 out of 100 — an isolated drop, not an accelerating trend — and the ETF ranks 103rd among the 137 US sell signals.
This week's summary
Weekly technical analysis. For the second week running, buyers are dominating the tape on Roundhill Magnificent Seven ETF — 97% of volume today — and price is up another 4%, back at the edge of the Inversion Point. The Sell signal, live for 5 weeks, is showing clearer signs of running out of steam: RSI and money flow have both swung back in the bulls' favor, and the short is now down 4.3%.
IQS Phase
46
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#114 / 137
US stocks
Trade P&L %
-4.27%
from signal to today
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