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(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 2024-03-15 View latest technical analysis

10 day averaged volume of Magna International is 1111370

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	52.52	52.03	52.98	52.03	0.911 times
14 Thu Mar 2024	52.05	53.80	53.87	51.90	1.068 times
13 Wed Mar 2024	53.91	53.46	54.25	53.37	0.718 times
12 Tue Mar 2024	53.60	54.18	54.33	53.47	0.911 times
11 Mon Mar 2024	54.11	53.88	54.46	53.85	0.987 times
08 Fri Mar 2024	54.50	54.91	55.52	54.40	0.879 times
07 Thu Mar 2024	54.73	54.61	54.92	54.43	0.818 times
06 Wed Mar 2024	54.22	54.41	54.63	53.84	1.016 times
05 Tue Mar 2024	54.07	54.16	54.34	53.70	1.455 times
04 Mon Mar 2024	54.19	54.07	54.41	53.73	0.758 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 52.5, for a target of 53.4 or 54.13

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	46.71
Downside Target	51.90
Upside Target	55.02
Upside Target	55.50
Upside Target	55.52
Upside Target	55.73
Upside Target	56.44
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	51.46
Downside Intraday Target	50.4
Upside Intraday Target	54.02
Upside Intraday Target	55.52
Upside Intraday Target	52.96

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	52.52	53.88	54.46	51.90	0.933 times
08 Fri Mar 2024	54.50	54.07	55.52	53.70	0.824 times
01 Fri Mar 2024	54.05	54.10	55.50	53.01	0.653 times
23 Fri Feb 2024	54.34	54.64	55.02	53.64	1.447 times
16 Fri Feb 2024	54.94	54.16	55.73	53.22	0.787 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
15 Fri Mar 2024	52.52	55.33	55.52	51.90	0.36 times
29 Thu Feb 2024	55.12	57.35	59.37	53.01	1.522 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

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 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 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 mid to longer 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.

ADX buy sell signal for Magna International stock for short term is SELL. Signal strength is Strong 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 moving up

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 53.76 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.