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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.

10 day averaged volume of Magna International is 1270850

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 66.81 66.02 67.53 65.74 0.9 times
02 Thu Feb 2023 67.37 67.60 68.92 66.90 0.968 times
01 Wed Feb 2023 67.68 65.35 67.96 64.95 1.051 times
31 Tue Jan 2023 64.94 64.25 65.09 63.73 0.642 times
30 Mon Jan 2023 63.44 62.79 64.31 62.60 1.024 times
27 Fri Jan 2023 63.89 62.62 64.27 62.50 0.893 times
26 Thu Jan 2023 62.05 62.01 62.22 61.07 0.682 times
25 Wed Jan 2023 61.14 59.14 61.26 58.72 1.137 times
24 Tue Jan 2023 60.74 62.97 62.97 59.16 2.719 times
23 Mon Jan 2023 65.46 64.47 65.51 64.08 0.397 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65.8, but if it comes below 65.8, then a intra day sell could be more profitable.
If you take a sell trade below 65.8, then use 65.8 as stoploss and 63.79 as target. However if you take a buy trade in stock , then use 65.8 as stoploss and 68.2 as target.

Share price targets for Magna International (MGA)

Target Type Value
Downside Target 45.58
Downside Target 53.21
Downside Target 56.32
Downside Target 58.72
Downside Target 60.01
Downside Target 62.35
Downside Target 64.31
Downside Target 64.95
Downside Target 65.51
Downside Target 65.99
Upside Target 68.92

Intraday share price targets for Magna International (MGA)

Target Type Value
Downside Intraday Target 63.3
Downside Intraday Target 59.79
Upside Intraday Target 69.62
Upside Intraday Target 72.43
Downside Intraday Target 66.11

Weekly technical analysis of Magna International (MGA)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 66.81 62.79 68.92 62.60 0.787 times
27 Fri Jan 2023 63.89 64.47 65.51 58.72 2.445 times
20 Fri Jan 2023 63.88 63.82 65.99 62.35 4.333 times
13 Fri Jan 2023 64.07 63.03 64.34 62.88 0.156 times
13 Fri Jan 2023 64.08 61.37 64.34 60.01 1.271 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
03 Fri Feb 2023 66.81 65.35 68.92 64.95 0.174 times
31 Tue Jan 2023 64.94 57.02 65.99 56.91 0.857 times
30 Fri Dec 2022 56.18 61.94 62.74 53.86 0.979 times
30 Wed Nov 2022 61.59 56.98 64.31 53.21 1.138 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)

Indicator Name Indicator Value Indicator Signal
ADX 39, 21, 31 Buy
MACD 3, 3Buy
Stochastics 87Buy
CCI 83Sell
RSI 55Buy
OBV 1780392Sell
VWAP 64Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Magna International stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Magna International in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Magna International in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 63.69 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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Daily chart

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