Magenta Therapeutics, Inc. Common Stock | MGTA

Daily Technical Analysis of Magenta Therapeutics, Inc. Common Stock

Magenta Therapeutics is down a bit on the day, funds flowing out kept the price down -1.33% since yesterday.

The Biotechnology company isn't at an immediate support or resistance level that might be predictive. Magenta Therapeutics hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. MGTA might find some support at the 0.9528 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Magenta Therapeutics By Price Target And Rating

Analysts are currently taking a negative view on their future outlook for Magenta Therapeutics. It's not really bad but definitely not good. The current Analysts Sentiment Score is -88.31. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-02-28 HC Wainwright initiated their coverage and rated as Neutral. Cowen reiterated a rating of Outperform on 2023-01-26. On 2023-01-26 there was a downgrade announced by Wedbush from Outperform to Neutral. On 2023-01-26 there was a downgrade announced by BTIG Research from Buy to Neutral. The Goldman Sachs Group downgraded from Buy to Neutral on 2022-08-24 and provided a price target of $2.00. Mizuho announced a lowering of their price target to $8.00 from $17.00 on 2022-04-18. B. Riley announced a lowering of their price target to $6.00 from $13.00 on 2022-01-24. JPMorgan Chase & Co. released a downgrade on 2021-08-03 from Overweight to Neutral and dropped their 1 year price target to $7.00 which is down from $16.00. Cantor Fitzgerald announced that they are initiating coverage with a rating of Overweight on 2021-06-29 and they set their price target at $20.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
MGTA	-88.31	0.45	-173.91	0.45	-3.6

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
MGTA	13.73	-3.63

Short interest for Magenta Therapeutics

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
MGTA	15.35	%12.8	4.1	100	4930000

How Magenta Therapeutics compares to the broader Healthcare sector and the more specific Biotechnology industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Biotechnology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	367	1.85	-0.88	-10.56	1.85	-7.04	-22.15	31.57	-13.77	-17.27	-13.81	-41814.93	-3164.24	0.95	21.19	6.54	48.84
Healthcare Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	617	2.00	-0.17	-8.49	2.07	-6.13	-23.93	31.85	-11.33	-14.45	-14.07	-36805.91	-4054.41	1.05	22.33	5.93	36.37

Social Sentiment for Magenta Therapeutics

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
MGTA	6.00

Companies with the highest correlation to Magenta Therapeutics

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Buy	Short Interest Score
VKTX \| Viking Therapeutics, Inc	0.91	-19.35	-12.17	-14.65	15.95	205.54	188.62	32	93.72	128.46	106.04	-2064.43	-23764.37	0	1.84923
ARWR \| Arrowhead Research Corpor	0.83	-1.84	-2.84	-25.11	-35.62	-27.30	-45.81	4	-11.76	-20.65	-18.17	-34746.31	0.00	150	4.85006
BNGO \| Bionano Genomics, Inc. Co	0.82	5.56	-5.00	-19.72	-27.85	-46.48	-50.00	31	-53.77	-37.25	-29.33	-29199.71	0.00	0	13.4431
MDGL \| Madrigal Pharmaceuticals,	0.81	-4.02	2.86	-15.83	-14.44	277.10	159.25	15	39.54	49.63	56.05	-2960.99	-21355.70	0	13.2455
GTHX \| G1 Therapeutics, Inc. Com	0.8	7.14	-3.67	-16.45	-45.03	-77.89	-61.96	30	-70.01	-64.39	-39.25	-25686.68	0.00	0	7.14626
CDLX \| Cardlytics, Inc. Common S	0.74	17.11	2.95	-43.44	-26.45	-69.70	-93.83	4	-69.25	-60.15	-46.55	-102485.33	187.25	150	8.41537
KRTX \| Karuna Therapeutics, Inc.	0.73	-11.60	-13.76	-15.14	-20.30	-33.30	38.99	30	14.75	10.26	5.85	-9676.86	-11045.08	100	5.17169

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