(MGA) Magna International complete technical analysis [charts+indicators] | Buy/Sell Magna International | (MGA) share price targets
Complete technical analysis of Magna International (MGA) by charts plus indicators, forecast predictions and share price targets for Magna International (MGA)
Magna International trades in USA in Capital Goods sector.
Showing technical analysis as on 2024-02-08 View latest technical analysis
10 day averaged volume of Magna International is 1198870
Date | Daily Closing Price | Open | High | Low | Volume |
08 Thu Feb 2024 | 58.68 | 58.82 | 58.85 | 57.64 | 1.34 times |
07 Wed Feb 2024 | 58.53 | 58.85 | 59.37 | 58.04 | 0.909 times |
06 Tue Feb 2024 | 58.43 | 56.51 | 58.59 | 56.46 | 0.83 times |
05 Mon Feb 2024 | 56.73 | 56.39 | 56.97 | 56.11 | 1.201 times |
02 Fri Feb 2024 | 57.02 | 57.05 | 57.29 | 56.36 | 0.92 times |
01 Thu Feb 2024 | 57.55 | 57.35 | 57.96 | 56.64 | 1.088 times |
31 Wed Jan 2024 | 56.85 | 56.77 | 58.04 | 56.50 | 1.47 times |
30 Tue Jan 2024 | 57.00 | 56.50 | 57.24 | 56.43 | 1.311 times |
29 Mon Jan 2024 | 56.59 | 55.55 | 56.73 | 55.53 | 0.625 times |
26 Fri Jan 2024 | 55.73 | 55.85 | 56.52 | 55.58 | 0.707 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 59.2, for a target of 57.6 or 56.18
Share price targets for Magna International (MGA)
Target Type | Value |
Downside Target | 46.71 |
Downside Target | 52.61 |
Downside Target | 54.45 |
Downside Target | 56.44 |
Downside Target | 56.79 |
Downside Target | 57.60 |
Downside Target | 58.04 |
Upside Target | 59.37 |
Upside Target | 59.53 |
Upside Target | 60.32 |
Intraday share price targets for Magna International (MGA)
Target Type | Value |
Downside Intraday Target | 56.74 |
Downside Intraday Target | 54.79 |
Upside Intraday Target | 60 |
Upside Intraday Target | 61.31 |
Downside Intraday Target | 58.05 |
Weekly technical analysis of Magna International (MGA)
Date | Weekly Closing Price | Open | High | Low | Volume |
08 Thu Feb 2024 | 58.68 | 56.39 | 59.37 | 56.11 | 0.79 times |
02 Fri Feb 2024 | 57.02 | 55.55 | 58.04 | 55.53 | 1.405 times |
26 Fri Jan 2024 | 55.73 | 54.55 | 56.79 | 54.45 | 1.118 times |
19 Fri Jan 2024 | 54.56 | 54.34 | 55.10 | 52.91 | 4.22 times |
12 Fri Jan 2024 | 55.51 | 57.19 | 57.60 | 55.47 | 0.237 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Magna International (MGA)
Date | Monthly Closing Price | Open | High | Low | Volume |
08 Thu Feb 2024 | 58.68 | 57.35 | 59.37 | 56.11 | 0.341 times |
31 Wed Jan 2024 | 56.85 | 58.50 | 59.53 | 52.91 | 1.185 times |
29 Fri Dec 2023 | 59.08 | 54.09 | 60.32 | 52.61 | 0.596 times |
30 Thu Nov 2023 | 53.91 | 48.34 | 56.44 | 46.71 | 1.605 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Magna International (MGA)
Price action analysis of Magna International ( (MGA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna International ( (MGA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna International ( (MGA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna International ( (MGA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Magna International stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Magna International in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magna International Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Magna International in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Magna International is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 57.36 and Magna International (MGA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Magna International (MGA) stock. Volume based technical analysis of Magna International (MGA) stock is negative.
Magna International Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Magna International ( (MGA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna International ( (MGA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna International ( (MGA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna International ( (MGA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Magna International stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Magna International in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magna International Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Magna International in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Magna International is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 57.36 and Magna International (MGA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Magna International (MGA) stock. Volume based technical analysis of Magna International (MGA) stock is negative.
Magna International Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.