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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 2024-07-15 View latest technical analysis

10 day averaged volume of Magna International is 1072630

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	44.45	44.27	45.12	43.89	1.095 times
12 Fri Jul 2024	44.45	44.67	44.96	44.38	1.004 times
11 Thu Jul 2024	44.55	44.10	44.68	43.97	0.982 times
10 Wed Jul 2024	43.60	42.63	43.67	42.52	1.836 times
09 Tue Jul 2024	42.75	42.38	42.88	42.14	1.189 times
08 Mon Jul 2024	42.56	42.52	42.79	42.46	0.689 times
05 Fri Jul 2024	42.27	42.53	42.81	42.25	0.904 times
03 Wed Jul 2024	42.53	42.74	42.81	42.26	0.407 times
03 Wed Jul 2024	42.53	42.74	42.81	42.26	0.407 times
02 Tue Jul 2024	42.46	41.48	42.84	41.48	1.449 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 44.6, for a target of 43.5 or 42.6

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	40.83
Upside Target	44.96
Upside Target	45.12
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	43.85
Downside Intraday Target	43.26
Upside Intraday Target	45.08
Upside Intraday Target	45.72
Upside Intraday Target	44.49

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	44.45	44.27	45.12	43.89	0.192 times
12 Fri Jul 2024	44.45	42.52	44.96	42.14	4.349 times
05 Fri Jul 2024	42.27	42.74	42.81	42.25	0.438 times
03 Wed Jul 2024	42.53	42.75	42.87	41.43	0.505 times
28 Fri Jun 2024	41.90	42.42	43.32	40.83	1.671 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
15 Mon Jul 2024	44.45	42.75	45.12	41.43	0.451 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term but buying is losing 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 43.33 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 negative.

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