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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 2024-07-09 View latest technical analysis

10 day averaged volume of Magna International is 1042000

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.75	42.38	42.88	42.14	1.224 times
08 Mon Jul 2024	42.56	42.52	42.79	42.46	0.709 times
05 Fri Jul 2024	42.27	42.53	42.81	42.25	0.93 times
03 Wed Jul 2024	42.53	42.74	42.81	42.26	0.419 times
03 Wed Jul 2024	42.53	42.74	42.81	42.26	0.419 times
02 Tue Jul 2024	42.46	41.48	42.84	41.48	1.491 times
01 Mon Jul 2024	41.55	42.75	42.87	41.43	1.169 times
28 Fri Jun 2024	41.90	41.82	42.01	41.48	0.869 times
27 Thu Jun 2024	41.55	41.60	41.88	41.40	1.168 times
26 Wed Jun 2024	41.57	41.27	41.63	40.83	1.473 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 42.8 as stoploss in an intra day sell trade for a target of 42.3. However, stock will show a bullish move above 42.8.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	40.83
Upside Target	43.19
Upside Target	43.32
Upside Target	43.96
Upside Target	45.52
Upside Target	47.42
Upside Target	48.64
Upside Target	51.90
Upside Target	54.36
Upside Target	56.12

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	42.3
Downside Intraday Target	41.85
Upside Intraday Target	43.04
Upside Intraday Target	43.33
Downside Intraday Target	42.59

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.75	42.52	42.88	42.14	1.433 times
05 Fri Jul 2024	42.27	42.74	42.81	42.25	0.438 times
03 Wed Jul 2024	42.53	42.75	42.87	41.43	0.505 times
28 Fri Jun 2024	41.90	42.42	43.32	40.83	1.671 times
21 Fri Jun 2024	42.22	42.90	43.19	41.82	1.536 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
09 Tue Jul 2024	42.75	42.75	42.88	41.43	0.251 times
28 Fri Jun 2024	41.90	45.35	45.52	40.83	0.438 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

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 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 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Magna International in short term but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 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 42.09 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.