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Magyar Bancorp, Inc. (MGYR) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Savings Institutions
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneBullish EngulfingFri, 11 Aug 2017-3.34%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.74 0.00 (0%) Oct 19 10:36am EDT
Open: 12.74 Range: 12.74 - 12.74 Vol: 0.01K Avg Vol: 1.21K
EPS: 0.22 P/E ratio: 57.91 EBITDA: 0.00 Mkt Cap: 74.15M
Analyze "MGYR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.49
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 12.26
Last Trade is above the 50 day moving average at 12.41
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 12.81
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MGYR

Stock Trend Analysis - Buy, Sell or Hold "Magyar Bancorp, Inc." (MGYR)?

Although MGYR is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, MGYR has been trading above the 200 day moving average for 84% of the time with an average daily volume of 1.2K shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also indicating range bound trading with a bearish bias. Objectively, as long as MGYR is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 12.81. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MGYR".

The analyst consensus estimates for the 1 year price target for this stock is $13.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 20 Oct 2017
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