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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 3181517

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 47.94 47.61 47.99 47.17 2.199 times
15 Wed May 2024 48.11 48.07 48.18 47.50 2.367 times
14 Tue May 2024 47.55 47.08 47.58 46.90 0.365 times
13 Mon May 2024 46.97 47.23 47.49 46.72 0.542 times
10 Fri May 2024 46.92 46.78 47.04 46.44 0.879 times

Stock of Magna International (MGA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 49 or till 50.2. Use a stoploss of 47.93 and if this stock hits its stoploss, then it can fall down till 46.89

Share price targets for Magna International (MGA)

Target Type Value
Downside Target 45.75
Upside Target 49.78
Upside Target 50.18
Upside Target 50.36
Upside Target 51.90
Upside Target 52.91
Upside Target 53.01
Upside Target 54.36
Upside Target 56.12
Upside Target 59.37
Upside Target 59.53

Intraday share price targets for Magna International (MGA)

Target Type Value
Downside Intraday Target 47.05
Downside Intraday Target 46.15
Upside Intraday Target 48.51
Upside Intraday Target 49.07
Downside Intraday Target 47.61

Weekly technical analysis of Magna International (MGA)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 47.94 47.23 48.18 46.72 1.672 times
10 Fri May 2024 46.92 47.26 47.70 45.75 0.835 times
03 Fri May 2024 46.70 49.41 49.78 46.11 1.116 times
26 Fri Apr 2024 49.12 48.77 50.18 48.01 1.528 times
19 Fri Apr 2024 48.34 50.08 50.36 47.42 1.553 times

Price has moved up 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
16 Thu May 2024 47.94 47.69 48.64 45.75 1.058 times
30 Tue Apr 2024 47.80 54.05 54.36 47.42 1.472 times
28 Thu Mar 2024 54.48 55.33 56.12 51.90 0.707 times
29 Thu Feb 2024 55.12 57.35 59.37 53.01 1.592 times

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 19, 28, 19 Sell
MACD -2, -2Buy
Stochastics 78Buy
CCI 117Sell
RSI 40Sell
OBV 10290037Sell
VWAP 47Buy
ADL 0Sell
ROC -1Sell
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 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 coming down

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

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 47.35 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 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.

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