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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 2024-06-05 View latest technical analysis

10 day averaged volume of Magna International is 2436840

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	44.46	44.69	44.79	43.90	0.334 times
04 Tue Jun 2024	44.51	44.69	45.21	44.50	0.587 times
03 Mon Jun 2024	45.15	45.35	45.52	44.57	0.9 times
31 Fri May 2024	45.21	44.45	45.31	44.23	0.729 times
30 Thu May 2024	44.61	44.35	44.69	44.25	0.87 times
29 Wed May 2024	44.15	44.73	44.83	43.96	0.697 times
28 Tue May 2024	45.32	45.49	45.63	45.09	0.671 times
24 Fri May 2024	45.35	44.65	45.37	44.65	1.66 times
23 Thu May 2024	44.76	46.17	46.32	44.73	2.946 times
22 Wed May 2024	46.09	46.17	46.61	45.96	0.391 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.8, but if it comes above 44.8, then a intra day buy could be more profitable.
If you take a sell trade below 44.8, then use 44.8 as stoploss and 43.3 as target. However if you take a buy trade in stock , then use 44.8 as stoploss and 46.08 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	43.90
Upside Target	46.72
Upside Target	47.63
Upside Target	47.70
Upside Target	48.18
Upside Target	48.64
Upside Target	51.90
Upside Target	53.01
Upside Target	54.36
Upside Target	56.12
Upside Target	59.37

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	43.73
Downside Intraday Target	43.01
Upside Intraday Target	45.35
Upside Intraday Target	46.25
Upside Intraday Target	44.63

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	44.46	45.35	45.52	43.90	0.614 times
31 Fri May 2024	45.21	45.49	45.63	43.96	0.499 times
24 Fri May 2024	45.35	47.50	47.63	44.65	0.767 times
17 Fri May 2024	47.49	47.23	48.18	46.72	1.813 times
10 Fri May 2024	46.92	47.26	47.70	45.75	0.835 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
05 Wed Jun 2024	44.46	45.35	45.52	43.90	0.074 times
31 Fri May 2024	45.21	47.69	48.64	43.96	1.72 times
30 Tue Apr 2024	47.80	54.05	54.36	47.42	1.472 times
28 Thu Mar 2024	54.48	55.33	56.12	51.90	0.707 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 44.94 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.