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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 2024-03-20 View latest technical analysis

10 day averaged volume of Magna International is 1010300

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	54.95	52.58	55.05	52.58	1.031 times
19 Tue Mar 2024	52.64	52.41	53.01	52.38	0.954 times
18 Mon Mar 2024	52.51	52.84	53.01	52.31	1.005 times
15 Fri Mar 2024	52.52	52.03	52.98	52.03	1.002 times
14 Thu Mar 2024	52.05	53.80	53.87	51.90	1.175 times
13 Wed Mar 2024	53.91	53.46	54.25	53.37	0.79 times
12 Tue Mar 2024	53.60	54.18	54.33	53.47	1.003 times
11 Mon Mar 2024	54.11	53.88	54.46	53.85	1.086 times
08 Fri Mar 2024	54.50	54.91	55.52	54.40	0.967 times
07 Thu Mar 2024	54.73	54.61	54.92	54.43	0.9 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.8, but if it comes below 54.8, then a intra day sell could be more profitable.
If you take a sell trade below 54.8, then use 54.8 as stoploss and 53.95 as target. However if you take a buy trade in stock , then use 54.8 as stoploss and 55.9 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	46.71
Downside Target	51.90
Upside Target	55.02
Upside Target	55.05
Upside Target	55.50
Upside Target	55.52
Upside Target	56.44
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	53.16
Downside Intraday Target	51.36
Upside Intraday Target	55.9
Upside Intraday Target	56.84
Downside Intraday Target	54.1

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	54.95	52.84	55.05	52.31	0.592 times
15 Fri Mar 2024	52.52	53.88	54.46	51.90	0.933 times
08 Fri Mar 2024	54.50	54.07	55.52	53.70	0.824 times
01 Fri Mar 2024	54.05	54.10	55.50	53.01	0.653 times
23 Fri Feb 2024	54.34	54.64	55.02	53.64	1.447 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
20 Wed Mar 2024	54.95	55.33	55.52	51.90	0.45 times
29 Thu Feb 2024	55.12	57.35	59.37	53.01	1.522 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

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 neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Weak and stock is losing 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 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 Magna International 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 Magna International is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.52 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 negative.

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