Buyers regain control
Magnificent Seven ETF: 4.4% rebound off the 20-day average as buyers retake control
Buyers regain control
Our view last week
Our technical analysis on the Roundhill Magnificent Seven ETF flags a heavy confirmation week: sellers take firm control, buyer dominance collapses, and the fund gives back 5.6%, in the very week meant to confirm the buy signal that fired seven days ago. Price closed below the first stop level (SL1) flagged in last week's card (63.31 area): for anyone following that level the trade is closed.
This week's summary
The Magnificent Seven ETF closes the week up 4.4%, bouncing off its own 20-day moving average with buyers back in control: 89% of daily volume is on the buy side. Price still sits near recent highs, 7 days after a rough session pushed it below the weekly signal level.
IQS Phase
42
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#110 / 120
US stocks in progress
Trade P&L %
-1.42%
from signal to date, no stop loss
Rank position
ranks 110th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Tematico
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
MAGS belongs to the etf tematico sector (reference ETF ).
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