Why does stock go up?

Stock prices fluctuate based on supply and demand. When more people want to buy a stock than sell it, the price rises. Conversely, if more people want to sell than buy, the price drops.

What does it show when a stock's price increases?

A rising stock price can reflect lower interest rates, which boost spending and investment. It can also indicate positive investor sentiment due to events like elections, new products, or easing geopolitical tensions.

What is the difference between the chart periods?

Chart periods like 1d, 1wk, 1m, 3m, 6m, 1y, ytd, and max represent different historical timeframes. They help analyze short-term movements and long-term trends.

How often is the chart data updated?

The 1-day view updates in real-time during market hours. Other periods update at the end of each trading day.

Roundhill Daily 2X Long Magnificent Seven ETF

MAGX•NASDAQ

Financial ServicesAsset Management - Leveraged

$38.96

$1.56(4.17%)

Why Is Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) Stock Up Today?

Live update on MAGX's stock movement with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.

Day Change

4.17%

↑ 4.17%

Volume (Unusual)

85.96K

↓ 46.00%

Open / Previous Close

$38.50 / $37.40

Day Range (Low / High)

$38.50 - $39.13

Summary

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is trading up +4.17% at $38.96, reflecting a positive shift in investor sentiment today. The stock opened at $38.50 and has moved between $38.50 and $39.13 so far.

Trading volume is 85962, which is 46% below its average, and the price action suggests buying interest.

Technically, MAGX is trading above its 50-day moving average of $32.83 and above its 200-day moving average of $38.44, indicating short-term and long-term strength.

Meyka's AI assigns MAGX a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of +11.83% in 1 month ($43.57), +72.19% in 1 year ($67.09), and +203.25% in 5 years ($118.15).

In context, the broader Financial Services sector is down -0.41% today, which may be contributing to the move.

View the full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement.
Stay informed and make better investment decisions.

MAGX Technical Signals

Trading over 50-day moving average ($32.83)

Trading over 200-day moving average ($38.44)

Analyst Recommendations data is not available for MAGXAnalyst Recommendations details for MAGX are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Sector Context

The Financial Services sector is down -0.41% today, with the Asset Management - Leveraged industry contributing to the decline. This broader context may be weighing on the stock's performance.

Price Forecast

1 Month

$43.57

1 Year

$67.09

3 Years

$96.14

5 Years

$118.15

B+

Good70.00

Is this change significant?

5-Day:+5.40%

1-Month:-14.35%

3-Month:-39.26%

What's next?

Next earnings date: 7/30/2025