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(MX) Magnachip Semiconductor complete technical analysis [charts+indicators] | Buy/Sell Magnachip Semiconductor | (MX) share price targets

Complete technical analysis of Magnachip Semiconductor (MX) by charts plus indicators, forecast predictions and share price targets for Magnachip Semiconductor (MX)

Magnachip Semiconductor trades in USA in Technology sector.

10 day averaged volume of Magnachip Semiconductor is 227752

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 5.12 5.05 5.21 5.05 0.9 times
15 Wed May 2024 5.03 5.07 5.07 4.95 0.867 times
14 Tue May 2024 5.02 5.00 5.12 4.97 1.129 times
13 Mon May 2024 4.99 4.90 5.03 4.87 0.957 times
10 Fri May 2024 4.89 4.93 4.95 4.83 0.738 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5.1, but if it comes below 5.1, then a intra day sell could be more profitable.
If you take a sell trade below 5.1, then use 5.1 as stoploss and 4.96 as target. However if you take a buy trade in stock , then use 5.1 as stoploss and 5.2 as target.

Share price targets for Magnachip Semiconductor (MX)

Target Type Value
Downside Target 4.70
Downside Target 5.03
Upside Target 5.17
Upside Target 5.34
Upside Target 5.41
Upside Target 5.75
Upside Target 6.00
Upside Target 6.52
Upside Target 6.93
Upside Target 8.16

Intraday share price targets for Magnachip Semiconductor (MX)

Target Type Value
Downside Intraday Target 4.92
Downside Intraday Target 4.73
Upside Intraday Target 5.26
Upside Intraday Target 5.41
Downside Intraday Target 5.07

Weekly technical analysis of Magnachip Semiconductor (MX)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 5.12 4.90 5.21 4.87 0.885 times
10 Fri May 2024 4.89 5.09 5.34 4.83 0.72 times
03 Fri May 2024 5.09 4.99 5.17 4.78 1.276 times
26 Fri Apr 2024 5.00 4.80 5.03 4.70 0.697 times
19 Fri Apr 2024 4.78 5.28 5.28 4.76 0.948 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 Magnachip Semiconductor (MX)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 5.12 5.01 5.34 4.78 0.466 times
30 Tue Apr 2024 5.02 5.59 5.75 4.70 0.536 times
28 Thu Mar 2024 5.58 5.71 6.00 5.18 1.145 times
29 Thu Feb 2024 5.70 6.53 6.93 5.41 1.442 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 Magnachip Semiconductor (MX)

Indicator Name Indicator Value Indicator Signal
ADX 35, 29, 9 Buy
MACD -0, -0Buy
Stochastics 48None
CCI 97Buy
RSI 46Sell
OBV 943324Sell
VWAP 5Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Magnachip Semiconductor ( (MX) ) 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 Magnachip Semiconductor ( (MX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Magnachip Semiconductor ( (MX) ) 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 Magnachip Semiconductor ( (MX) ) 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 Magnachip Semiconductor stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Magnachip Semiconductor 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.

Magnachip Semiconductor Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magnachip Semiconductor in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Magnachip Semiconductor is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.04 and Magnachip Semiconductor (MX) 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 Magnachip Semiconductor (MX) stock. Volume based technical analysis of Magnachip Semiconductor (MX) stock is negative.

Magnachip Semiconductor Stock is giving positive 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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