Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-20 View latest technical analysis

10 day averaged volume of Magna International is 1597430

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	54.28	54.64	54.90	53.64	0.675 times
16 Fri Feb 2024	54.94	55.44	55.57	54.47	0.464 times
15 Thu Feb 2024	55.62	54.59	55.73	54.55	0.624 times
14 Wed Feb 2024	54.13	54.58	55.06	54.07	1.252 times
13 Tue Feb 2024	53.88	53.79	54.24	53.22	1.044 times
12 Mon Feb 2024	55.63	54.16	55.73	53.93	1.021 times
09 Fri Feb 2024	54.69	56.00	56.67	53.70	2.384 times
08 Thu Feb 2024	58.68	58.82	58.85	57.64	1.005 times
07 Wed Feb 2024	58.53	58.85	59.37	58.04	0.682 times
06 Tue Feb 2024	58.43	56.51	58.59	56.46	0.623 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.7, but if it comes above 54.7, then a intra day buy could be more profitable.
If you take a sell trade below 54.7, then use 54.7 as stoploss and 53 as target. However if you take a buy trade in stock , then use 54.7 as stoploss and 56.13 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	46.71
Downside Target	52.61
Upside Target	55.53
Upside Target	55.73
Upside Target	56.44
Upside Target	56.79
Upside 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	53.65
Downside Intraday Target	53.01
Upside Intraday Target	54.91
Upside Intraday Target	55.53
Downside Intraday Target	54.27

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	54.28	54.64	54.90	53.64	0.153 times
16 Fri Feb 2024	54.94	54.16	55.73	53.22	0.787 times
09 Fri Feb 2024	54.69	56.39	59.37	53.70	1.377 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

Price has moved down 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
20 Tue Feb 2024	54.28	57.35	59.37	53.22	0.88 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Magna International ( (MGA) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Magna International ( (MGA) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Magna International in short term and the sell signal is strong.

Magna International Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Magna International in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Magna International is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.59 and Magna International (MGA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.