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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 2024-09-06 View latest technical analysis

10 day averaged volume of Magna International is 1348536

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	39.36	40.58	40.70	39.05	1.064 times
05 Thu Sep 2024	40.50	41.09	41.73	40.16	0.932 times
04 Wed Sep 2024	41.58	40.89	41.91	40.82	1.05 times
03 Tue Sep 2024	40.96	41.58	41.84	40.81	1.991 times
30 Fri Aug 2024	42.03	41.86	42.05	41.45	1.029 times
30 Fri Aug 2024	42.03	41.86	42.06	41.45	1.041 times
29 Thu Aug 2024	41.69	42.16	42.47	41.64	0.896 times
28 Wed Aug 2024	41.82	42.26	42.59	41.60	0.69 times
27 Tue Aug 2024	42.47	42.78	42.84	42.20	0.507 times
26 Mon Aug 2024	42.78	42.82	43.25	42.33	0.836 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.9, but if it comes above 39.9, then a intra day buy could be more profitable.
If you take a sell trade below 39.9, then use 39.9 as stoploss and 38.5 as target. However if you take a buy trade in stock , then use 39.9 as stoploss and 41.05 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.05
Upside Target	40.52
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	38.3
Downside Intraday Target	37.25
Upside Intraday Target	41.16
Upside Intraday Target	42.97
Upside Intraday Target	40.11

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	39.36	41.58	41.91	39.05	4.895 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
06 Fri Sep 2024	39.36	41.58	41.91	39.05	0.152 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 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 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 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 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 41.39 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.