MAGS ETF: A Critical Junction

The weekly chart for the $Roundhill Magnificent Seven ETF(MAGS)$ ETF (Magnificent Seven) suggests the worst of the bearish move may be behind us. The lower Bollinger Band was breached and oscillators reached oversold territory, conditions that mirrored the April 2025 bottom.

As noted above, several securities have recently breached their Central Weekly Level (CWL) reversing from their (bearish) setups. This essential weekly price line is modeled every Friday for 44 core securities. Paid subscribers also have the exclusive benefit of suggesting five additional tickers from their personal watchlists each weekend.

For the coming week, the MAGS ETF must hold above $61.8 to maintain its current bullish reversal setup. A successful hold targets $63.5 as an immediate move, with potential for $64.4 if momentum builds. Conversely, if $61.8 is lost, the next destination is $60.9, representing a potential -2.7% selloff.

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