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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 2024-10-08 View latest technical analysis

10 day averaged volume of Magna International is 1287740

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	40.48	40.88	41.00	40.07	0.926 times
07 Mon Oct 2024	40.99	40.79	41.15	40.61	0.693 times
04 Fri Oct 2024	41.08	40.94	41.15	40.73	0.823 times
03 Thu Oct 2024	40.37	40.54	40.71	39.83	1.006 times
02 Wed Oct 2024	41.29	40.98	41.65	40.97	0.705 times
01 Tue Oct 2024	40.97	40.99	41.25	40.45	0.96 times
30 Mon Sep 2024	41.04	41.62	42.28	40.67	1.17 times
27 Fri Sep 2024	42.73	42.89	43.54	42.56	1.082 times
26 Thu Sep 2024	42.20	41.27	42.56	40.99	1.401 times
25 Wed Sep 2024	40.35	42.13	42.25	40.21	1.408 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.1 as stoploss in an intra day buy trade for a target of 41.13. However, stock will show a bearish move below 40.1.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.78
Upside Target	41.43
Upside Target	41.65
Upside Target	42.28
Upside Target	42.88
Upside Target	43.54
Upside Target	44.39
Upside Target	45.52
Upside Target	46.44

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	39.98
Downside Intraday Target	39.49
Upside Intraday Target	41.06
Upside Intraday Target	41.65
Upside Intraday Target	40.57

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	40.48	40.79	41.15	40.07	0.347 times
04 Fri Oct 2024	41.08	41.62	42.28	39.83	0.834 times
27 Fri Sep 2024	42.73	42.09	43.54	40.21	0.874 times
20 Fri Sep 2024	42.00	40.42	42.88	39.78	1.222 times
13 Fri Sep 2024	40.20	39.43	40.42	38.05	0.992 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
08 Tue Oct 2024	40.48	40.99	41.65	39.83	0.216 times
30 Mon Sep 2024	41.04	41.58	43.54	38.05	0.68 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 green color and prices are in or below the green 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 41.18 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.