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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 2024-09-04 View latest technical analysis

10 day averaged volume of Magna International is 1240220

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	41.58	40.89	41.91	40.82	1.142 times
03 Tue Sep 2024	40.96	41.58	41.84	40.81	2.165 times
30 Fri Aug 2024	42.03	41.86	42.05	41.45	1.119 times
30 Fri Aug 2024	42.03	41.86	42.06	41.45	1.132 times
29 Thu Aug 2024	41.69	42.16	42.47	41.64	0.975 times
28 Wed Aug 2024	41.82	42.26	42.59	41.60	0.751 times
27 Tue Aug 2024	42.47	42.78	42.84	42.20	0.552 times
26 Mon Aug 2024	42.78	42.82	43.25	42.33	0.909 times
23 Fri Aug 2024	42.56	41.53	43.09	41.34	1.116 times
22 Thu Aug 2024	41.05	41.40	41.56	40.95	0.535 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 42.2 as stoploss in an intra day sell trade for a target of 40.95. However, stock will show a bullish move above 42.2.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	40.52
Upside Target	41.91
Upside Target	42.05
Upside Target	43.09
Upside Target	43.25
Upside Target	43.96
Upside Target	44.39
Upside Target	45.52
Upside Target	46.44
Upside Target	48.64

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	40.96
Downside Intraday Target	40.33
Upside Intraday Target	42.06
Upside Intraday Target	42.53
Downside Intraday Target	41.43

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	41.58	41.58	41.91	40.81	2.955 times
30 Fri Aug 2024	42.03	41.86	42.05	41.45	0.259 times
30 Fri Aug 2024	42.03	42.82	43.25	41.45	1.091 times
23 Fri Aug 2024	42.56	41.09	43.09	40.52	0.396 times
16 Fri Aug 2024	40.78	38.85	41.13	38.01	0.906 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna International (MGA)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	41.58	41.58	41.91	40.81	0.091 times
30 Fri Aug 2024	42.03	43.90	44.39	38.01	1.474 times
31 Wed Jul 2024	44.37	42.75	46.44	41.43	1.153 times
28 Fri Jun 2024	41.90	45.35	45.52	40.83	0.438 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 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 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 losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 buy signal for Magna International in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 41.81 and Magna International (MGA) stock is trading below this level. This means that stock is falling with high volumes. 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.