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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 2024-07-30 View latest technical analysis

10 day averaged volume of Magna International is 1440183

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	43.73	43.76	44.25	43.53	1.438 times
29 Mon Jul 2024	43.76	43.53	44.00	42.94	1.275 times
26 Fri Jul 2024	43.53	43.55	43.66	42.90	0.755 times
25 Thu Jul 2024	43.23	42.60	43.98	42.60	1.178 times
24 Wed Jul 2024	42.70	43.59	44.07	42.60	0.576 times
23 Tue Jul 2024	43.79	44.20	44.38	43.70	1.102 times
22 Mon Jul 2024	44.51	43.78	44.57	43.34	0.685 times
19 Fri Jul 2024	43.64	44.19	44.99	43.29	1.918 times
18 Thu Jul 2024	45.30	45.81	46.44	45.03	1.113 times
17 Wed Jul 2024	45.82	45.28	45.99	45.03	0.621 times

My analysis of stock is bearish for shortterm, and stock might move down till 42.7 or till 41.5. Use a stoploss of 43.78 and if the stock hits stoploss, then it can shoot up till 44.83

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	40.83
Upside Target	44.96
Upside Target	45.52
Upside Target	46.44
Upside Target	47.42
Upside Target	48.64
Upside Target	51.90
Upside Target	54.36
Upside Target	56.12

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	43.03
Downside Intraday Target	42.33
Upside Intraday Target	44.34
Upside Intraday Target	44.95
Downside Intraday Target	43.64

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	43.73	43.53	44.25	42.94	0.632 times
26 Fri Jul 2024	43.53	43.78	44.57	42.60	0.819 times
19 Fri Jul 2024	43.64	44.27	46.44	43.29	1.236 times
12 Fri Jul 2024	44.45	42.52	44.96	42.14	4.349 times
05 Fri Jul 2024	42.27	42.74	42.81	42.25	0.438 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
30 Tue Jul 2024	43.73	42.75	46.44	41.43	1.075 times
28 Fri Jun 2024	41.90	45.35	45.52	40.83	0.438 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

Scroll below to view daily charts

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)

Price action analysis of Magna International ( (MGA) ) 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 losing momentum.

MACD generated a SELL signal for Magna International in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 43.93 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 positive

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