Fresh buy signal, but caution near the highs
MAGS slips 1.1% as a fresh buy signal fires near the highs
Fresh buy signal, but caution near the highs
Our view last week
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%.
This week's summary
The Sell signal on the Roundhill Magnificent Seven ETF has run its course: a fresh Buy signal fires this week, but the setup calls for care. Price is hugging its highs, an area already tested more than once, and the last daily bar saw sellers take firm control. The weekly structure holds up - all moving averages aligned - but the trend is losing conviction and volatility stays low.
IQS Phase
51
ordinary
Signal Strength
50
medium
Sizing
STANDARD
Ranking
#15 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content