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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 2024-06-27 View latest technical analysis

10 day averaged volume of Magna International is 1332070

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	41.55	41.60	41.88	41.40	0.913 times
26 Wed Jun 2024	41.57	41.27	41.63	40.83	1.152 times
25 Tue Jun 2024	41.69	42.55	42.56	41.65	1.059 times
24 Mon Jun 2024	42.59	42.42	43.32	42.40	0.967 times
21 Fri Jun 2024	42.22	41.91	42.43	41.83	0.951 times
20 Thu Jun 2024	41.99	42.24	42.47	41.82	0.802 times
18 Tue Jun 2024	42.35	42.90	43.19	42.14	1.102 times
18 Tue Jun 2024	42.35	42.90	43.19	42.14	1.102 times
17 Mon Jun 2024	42.87	42.11	42.89	41.81	0.757 times
14 Fri Jun 2024	42.19	42.10	42.29	41.21	1.402 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.9, but if it comes above 41.9, then a intra day buy could be more profitable.
If you take a sell trade below 41.9, then use 41.9 as stoploss and 40.6 as target. However if you take a buy trade in stock , then use 41.9 as stoploss and 43.07 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	40.83
Upside Target	43.19
Upside Target	45.52
Upside Target	47.42
Upside Target	48.64
Upside Target	51.90
Upside Target	53.01
Upside Target	54.36
Upside Target	56.12
Upside Target	59.37

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	40.48
Downside Intraday Target	39.41
Upside Intraday Target	42.97
Upside Intraday Target	44.39
Upside Intraday Target	41.9

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	41.55	42.42	43.32	40.83	1.433 times
21 Fri Jun 2024	42.22	42.90	43.19	41.82	1.536 times
18 Tue Jun 2024	42.35	42.11	43.19	41.81	0.372 times
14 Fri Jun 2024	42.19	43.33	44.39	41.21	0.936 times
07 Fri Jun 2024	43.76	45.35	45.52	43.44	0.982 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
27 Thu Jun 2024	41.55	45.35	45.52	40.83	0.423 times
31 Fri May 2024	45.21	47.69	48.64	43.96	1.72 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

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 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 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 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 42.12 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.