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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 2024-03-22 View latest technical analysis

10 day averaged volume of Magna International is 1062600

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	54.82	55.74	56.02	54.70	0.66 times
21 Thu Mar 2024	55.86	55.06	56.12	54.89	1.43 times
20 Wed Mar 2024	54.95	52.58	55.05	52.58	0.981 times
19 Tue Mar 2024	52.64	52.41	53.01	52.38	0.907 times
18 Mon Mar 2024	52.51	52.84	53.01	52.31	0.956 times
15 Fri Mar 2024	52.52	52.03	52.98	52.03	0.953 times
14 Thu Mar 2024	52.05	53.80	53.87	51.90	1.117 times
13 Wed Mar 2024	53.91	53.46	54.25	53.37	0.751 times
12 Tue Mar 2024	53.60	54.18	54.33	53.47	0.953 times
11 Mon Mar 2024	54.11	53.88	54.46	53.85	1.032 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 55 as stoploss in an intra day sell trade for a target of 54.04. However, stock will show a bullish move above 55.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	46.71
Downside Target	51.90
Upside Target	55.02
Upside Target	55.50
Upside Target	55.52
Upside Target	56.12
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	52.71
Downside Intraday Target	50.61
Upside Intraday Target	56.52
Upside Intraday Target	58.23
Downside Intraday Target	54.42

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	54.82	52.84	56.12	52.31	1.026 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
22 Fri Mar 2024	54.82	55.33	56.12	51.90	0.516 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 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 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 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 Magna International ( (MGA) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 and selling is picking up 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 53.75 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 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 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.