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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 1846520

Date Daily Closing Price Open High Low Volume
22 Thu Feb 2024 54.64 54.25 55.02 54.06 2.276 times
21 Wed Feb 2024 54.40 54.26 54.62 53.79 2.083 times
20 Tue Feb 2024 54.28 54.64 54.90 53.64 0.584 times
16 Fri Feb 2024 54.94 55.44 55.57 54.47 0.402 times
15 Thu Feb 2024 55.62 54.59 55.73 54.55 0.54 times
14 Wed Feb 2024 54.13 54.58 55.06 54.07 1.083 times
13 Tue Feb 2024 53.88 53.79 54.24 53.22 0.903 times
12 Mon Feb 2024 55.63 54.16 55.73 53.93 0.883 times
09 Fri Feb 2024 54.69 56.00 56.67 53.70 2.062 times
08 Thu Feb 2024 58.68 58.82 58.85 57.64 0.87 times

Stock of Magna International (MGA) has showed a significant upmove. This could be a good time to enter in this stock!

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 54.5 as stoploss in an intra day buy trade for a target of 56.03. However, stock will show a bearish move below 54.5.

Share price targets for Magna International (MGA)

Target Type Value
Downside Target 46.71
Downside Target 52.61
Upside Target 55.53
Upside Target 55.73
Upside Target 56.44
Upside Target 56.79
Upside Target 58.04
Upside Target 59.37
Upside Target 59.53
Upside Target 60.32

Intraday share price targets for Magna International (MGA)

Target Type Value
Downside Intraday Target 53.85
Downside Intraday Target 53.05
Upside Intraday Target 55.23
Upside Intraday Target 55.81
Downside Intraday Target 54.43

Weekly technical analysis of Magna International (MGA)

Date Weekly Closing Price Open High Low Volume
22 Thu Feb 2024 54.64 54.64 55.02 53.64 1.297 times
16 Fri Feb 2024 54.94 54.16 55.73 53.22 0.787 times
09 Fri Feb 2024 54.69 56.39 59.37 53.70 1.377 times
02 Fri Feb 2024 57.02 55.55 58.04 55.53 1.405 times
26 Fri Jan 2024 55.73 54.55 56.79 54.45 1.118 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
22 Thu Feb 2024 54.64 57.35 59.37 53.22 1.244 times
31 Wed Jan 2024 56.85 58.50 59.53 52.91 1.185 times
29 Fri Dec 2023 59.08 54.09 60.32 52.61 0.596 times
30 Thu Nov 2023 53.91 48.34 56.44 46.71 1.605 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 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 to mid 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 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 SELL. Signal strength is Weak and stock is losing 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 54.91 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.

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 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 to mid 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 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 SELL. Signal strength is Weak and stock is losing 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 54.91 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.

Daily charts

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Daily chart
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