Magnite, Inc. (MGNI)

Magnite, Inc. is trading at $23.13, down 2.07% on the session. The 50 day average sits at $24.31 and the 200 day at $17.29, which puts the stock in a uptrend. RSI is at 42.2, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $23.09 with resistance near $25.36, so that band frames the current range. Average daily movement is roughly $1.05, or about 4.6% of the share price, which is what any stop placement has to allow for. The overall health score of 57 out of 100 combines a trend score of 80, momentum of 25 and a risk score of 64.

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. Magnite, Inc. was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. The company was incorporated in 2007 and is headquartered in New York, New York.