Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-01 View latest technical analysis

10 day averaged volume of Magna International is 1263560

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	41.55	42.75	42.87	41.43	0.964 times
28 Fri Jun 2024	41.90	41.82	42.01	41.48	0.716 times
27 Thu Jun 2024	41.55	41.60	41.88	41.40	0.963 times
26 Wed Jun 2024	41.57	41.27	41.63	40.83	1.215 times
25 Tue Jun 2024	41.69	42.55	42.56	41.65	1.117 times
24 Mon Jun 2024	42.59	42.42	43.32	42.40	1.02 times
21 Fri Jun 2024	42.22	41.91	42.43	41.83	1.003 times
20 Thu Jun 2024	41.99	42.24	42.47	41.82	0.846 times
18 Tue Jun 2024	42.35	42.90	43.19	42.14	1.161 times
18 Tue Jun 2024	42.35	42.90	43.19	42.14	1.161 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.8, but if it comes above 41.8, then a intra day buy could be more profitable.
If you take a sell trade below 41.8, then use 41.8 as stoploss and 40.6 as target. However if you take a buy trade in stock , then use 41.8 as stoploss and 42.73 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	40.83
Upside Target	42.87
Upside Target	43.32
Upside Target	43.96
Upside Target	44.39
Upside Target	45.52
Upside Target	47.42
Upside Target	48.64
Upside Target	51.90
Upside Target	54.36
Upside Target	56.12

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	41.03
Downside Intraday Target	40.51
Upside Intraday Target	42.47
Upside Intraday Target	43.39
Upside Intraday Target	41.95

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	41.55	42.75	42.87	41.43	0.192 times
28 Fri Jun 2024	41.90	42.42	43.32	40.83	1.671 times
21 Fri Jun 2024	42.22	42.90	43.19	41.82	1.536 times
18 Tue Jun 2024	42.35	42.11	43.19	41.81	0.372 times
14 Fri Jun 2024	42.19	43.33	44.39	41.21	0.936 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
01 Mon Jul 2024	41.55	42.75	42.87	41.43	0.046 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
30 Tue Apr 2024	47.80	54.05	54.36	47.42	1.472 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Magna International in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 41.98 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.