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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 2024-05-31 View latest technical analysis

10 day averaged volume of Magna International is 2840152

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.21	44.45	45.31	44.23	0.626 times
30 Thu May 2024	44.61	44.35	44.69	44.25	0.747 times
29 Wed May 2024	44.15	44.73	44.83	43.96	0.598 times
28 Tue May 2024	45.32	45.49	45.63	45.09	0.576 times
24 Fri May 2024	45.35	44.65	45.37	44.65	1.424 times
23 Thu May 2024	44.76	46.17	46.32	44.73	2.528 times
22 Wed May 2024	46.09	46.17	46.61	45.96	0.335 times
21 Tue May 2024	46.49	47.17	47.28	46.45	0.471 times
20 Mon May 2024	47.05	47.50	47.63	46.77	0.342 times
17 Fri May 2024	47.49	48.00	48.00	47.01	0.516 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 45.3, but if it comes above 45.3, then a intra day buy could be more profitable.
If you take a sell trade below 45.3, then use 45.3 as stoploss and 44 as target. However if you take a buy trade in stock , then use 45.3 as stoploss and 46.37 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	43.96
Upside Target	45.63
Upside Target	48.64
Upside Target	49.78
Upside Target	51.90
Upside Target	52.91
Upside Target	53.01
Upside Target	54.36
Upside Target	56.12
Upside Target	59.37
Upside Target	59.53

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	44.24
Downside Intraday Target	43.26
Upside Intraday Target	45.91
Upside Intraday Target	46.6
Downside Intraday Target	44.93

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.21	45.49	45.63	43.96	0.499 times
24 Fri May 2024	45.35	47.50	47.63	44.65	0.767 times
17 Fri May 2024	47.49	47.23	48.18	46.72	1.813 times
10 Fri May 2024	46.92	47.26	47.70	45.75	0.835 times
03 Fri May 2024	46.70	49.41	49.78	46.11	1.116 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
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
28 Thu Mar 2024	54.48	55.33	56.12	51.90	0.707 times
29 Thu Feb 2024	55.12	57.35	59.37	53.01	1.522 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 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 Strong 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 red color and prices are below the red cloud Prices appear to be moving up

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

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 45.3 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.