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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 2024-09-23 View latest technical analysis

10 day averaged volume of Magna International is 1497929

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	42.17	42.09	42.62	41.84	0.818 times
20 Fri Sep 2024	42.00	42.13	42.30	41.53	1.42 times
19 Thu Sep 2024	42.51	41.95	42.88	41.95	1.277 times
18 Wed Sep 2024	41.30	41.33	42.40	40.93	0.824 times
17 Tue Sep 2024	41.20	40.43	41.58	40.37	0.82 times
16 Mon Sep 2024	40.14	40.42	40.43	39.78	1.159 times
13 Fri Sep 2024	40.20	39.81	40.42	39.81	0.833 times
12 Thu Sep 2024	39.42	39.30	39.49	38.89	0.835 times
11 Wed Sep 2024	39.28	38.67	39.38	38.19	0.898 times
10 Tue Sep 2024	38.66	39.01	39.06	38.05	1.188 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 42.1, but if it comes below 42.1, then a intra day sell could be more profitable.
If you take a sell trade below 42.1, then use 42.1 as stoploss and 40.95 as target. However if you take a buy trade in stock , then use 42.1 as stoploss and 43.5 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.05
Downside Target	42.05
Upside Target	42.62
Upside Target	42.88
Upside Target	43.96
Upside Target	44.39
Upside Target	45.52
Upside Target	46.44
Upside Target	48.64

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	41.8
Downside Intraday Target	41.43
Upside Intraday Target	42.58
Upside Intraday Target	42.99
Upside Intraday Target	42.21

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	42.17	42.09	42.62	41.84	0.149 times
20 Fri Sep 2024	42.00	40.42	42.88	39.78	1.222 times
13 Fri Sep 2024	40.20	39.43	40.42	38.05	0.992 times
06 Fri Sep 2024	39.36	41.58	41.91	39.05	4.895 times
30 Fri Aug 2024	42.03	41.86	42.05	41.45	0.259 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
23 Mon Sep 2024	42.17	41.58	42.88	38.05	0.513 times
30 Fri Aug 2024	42.03	43.90	44.39	38.01	1.474 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

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 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 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 Strong and stock is gaining 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 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 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 40.74 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 positive

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