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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 2024-08-28 View latest technical analysis

10 day averaged volume of Magna International is 1417253

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	41.82	42.26	42.59	41.60	0.657 times
27 Tue Aug 2024	42.47	42.78	42.84	42.20	0.483 times
26 Mon Aug 2024	42.78	42.82	43.25	42.33	0.795 times
23 Fri Aug 2024	42.56	41.53	43.09	41.34	0.977 times
22 Thu Aug 2024	41.05	41.40	41.56	40.95	0.468 times
21 Wed Aug 2024	41.40	41.06	41.52	40.79	0.654 times
20 Tue Aug 2024	40.67	41.25	41.28	40.52	0.59 times
19 Mon Aug 2024	41.33	41.09	41.53	41.00	0.774 times
16 Fri Aug 2024	40.78	40.29	40.99	40.04	0.799 times
15 Thu Aug 2024	40.79	40.29	41.13	40.29	3.807 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 42 as stoploss in an intra day sell trade for a target of 40.54. However, stock will show a bullish move above 42.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.81
Upside Target	43.09
Upside Target	43.96
Upside Target	44.39
Upside Target	45.16
Upside Target	45.52
Upside Target	46.44
Upside Target	47.42
Upside Target	48.64
Upside Target	54.36

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	41.2
Downside Intraday Target	40.57
Upside Intraday Target	42.85
Upside Intraday Target	43.87
Upside Intraday Target	42.22

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	41.82	42.82	43.25	41.60	0.559 times
23 Fri Aug 2024	42.56	41.09	43.09	40.52	0.396 times
16 Fri Aug 2024	40.78	38.85	41.13	38.01	0.906 times
09 Fri Aug 2024	38.80	39.00	39.81	38.39	1.042 times
02 Fri Aug 2024	40.43	43.53	45.16	40.11	2.12 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
28 Wed Aug 2024	41.82	43.90	44.39	38.01	1.342 times
31 Wed Jul 2024	44.37	42.75	46.44	41.43	1.153 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

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 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 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 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 Magna International ( (MGA) ) based on a mid to longer 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.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 BUY signal in short term but buying is losing 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 41.36 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.