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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 2024-03-25 View latest technical analysis

10 day averaged volume of Magna International is 1035020

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Mar 2024	53.58	54.01	54.98	53.31	2.057 times
22 Fri Mar 2024	54.82	55.74	56.02	54.70	0.678 times
21 Thu Mar 2024	55.86	55.06	56.12	54.89	1.468 times
20 Wed Mar 2024	54.95	52.58	55.05	52.58	1.007 times
19 Tue Mar 2024	52.64	52.41	53.01	52.38	0.931 times
18 Mon Mar 2024	52.51	52.84	53.01	52.31	0.981 times
15 Fri Mar 2024	52.52	52.03	52.98	52.03	0.978 times
14 Thu Mar 2024	52.05	53.80	53.87	51.90	1.147 times
13 Wed Mar 2024	53.91	53.46	54.25	53.37	0.771 times
12 Tue Mar 2024	53.60	54.18	54.33	53.47	0.979 times

Stock of Magna International (MGA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 53.1 or till 51.9. Use a stoploss of 54.05 and if the stock hits stoploss, then it can shoot up till 55.02

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	46.71
Downside Target	51.90
Upside Target	54.98
Upside Target	55.50
Upside Target	55.52
Upside Target	56.12
Upside Target	56.44
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	52.93
Downside Intraday Target	52.29
Upside Intraday Target	54.6
Upside Intraday Target	55.63
Upside Intraday Target	53.96

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Mar 2024	53.58	54.01	54.98	53.31	0.406 times
22 Fri Mar 2024	54.82	52.84	56.12	52.31	1.026 times
15 Fri Mar 2024	52.52	53.88	54.46	51.90	0.933 times
08 Fri Mar 2024	54.50	54.07	55.52	53.70	0.824 times
01 Fri Mar 2024	54.05	54.10	55.50	53.01	0.653 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
25 Mon Mar 2024	53.58	55.33	56.12	51.90	0.579 times
29 Thu Feb 2024	55.12	57.35	59.37	53.01	1.522 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

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 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 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 neutral. A longer time frame might give a better analysis.

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 BUY signal for Magna International in short term but the buy signal is initial and weak.

Magna International Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 but SELL signal is weak.

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

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 53.68 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.