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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.

10 day averaged volume of Magna International is 2157870

Date Daily Closing Price Open High Low Volume
23 Fri Feb 2024 54.34 54.59 55.00 54.27 0.487 times
22 Thu Feb 2024 54.64 54.25 55.02 54.06 1.948 times
21 Wed Feb 2024 54.40 54.26 54.62 53.79 1.783 times
20 Tue Feb 2024 54.28 54.64 54.90 53.64 0.5 times
16 Fri Feb 2024 54.94 55.44 55.57 54.47 0.344 times
15 Thu Feb 2024 55.62 54.59 55.73 54.55 0.462 times
14 Wed Feb 2024 54.13 54.58 55.06 54.07 0.926 times
13 Tue Feb 2024 53.88 53.79 54.24 53.22 0.773 times
12 Mon Feb 2024 55.63 54.16 55.73 53.93 0.755 times
09 Fri Feb 2024 54.69 56.00 56.67 53.70 1.765 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.4, but if it comes above 54.4, then a intra day buy could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 52.6 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 55.98 as target.

Share price targets for Magna International (MGA)

Target Type Value
Downside Target 46.71
Downside Target 52.61
Upside Target 55.53
Upside Target 55.73
Upside Target 56.44
Upside Target 56.79
Upside Target 58.04
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 53.65
Downside Intraday Target 52.95
Upside Intraday Target 55.03
Upside Intraday Target 55.71
Downside Intraday Target 54.33

Weekly technical analysis of Magna International (MGA)

Date Weekly Closing Price Open High Low Volume
23 Fri Feb 2024 54.34 54.64 55.02 53.64 1.447 times
16 Fri Feb 2024 54.94 54.16 55.73 53.22 0.787 times
09 Fri Feb 2024 54.69 56.39 59.37 53.70 1.377 times
02 Fri Feb 2024 57.02 55.55 58.04 55.53 1.405 times
26 Fri Jan 2024 55.73 54.55 56.79 54.45 1.118 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
23 Fri Feb 2024 54.34 57.35 59.37 53.22 1.291 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
30 Thu Nov 2023 53.91 48.34 56.44 46.71 1.605 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magna International ( (MGA) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Magna International in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 54.6 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.

Price action analysis of Magna International ( (MGA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magna International ( (MGA) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Magna International in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 54.6 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.

Daily charts

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Daily chart
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