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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 2024-10-28 View latest technical analysis

10 day averaged volume of Magna International is 1472160

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	42.96	42.22	43.00	42.00	0.514 times
25 Fri Oct 2024	41.98	42.57	42.59	41.83	1.061 times
24 Thu Oct 2024	42.11	42.71	43.08	41.46	1.035 times
23 Wed Oct 2024	42.08	41.69	42.18	41.40	1.241 times
22 Tue Oct 2024	41.90	41.91	42.08	41.47	0.911 times
21 Mon Oct 2024	41.85	43.23	43.42	41.77	0.992 times
18 Fri Oct 2024	43.49	43.41	44.30	43.16	1.391 times
17 Thu Oct 2024	42.28	41.56	42.41	41.35	1.162 times
16 Wed Oct 2024	41.65	41.41	41.97	41.40	0.755 times
15 Tue Oct 2024	41.03	41.12	41.61	40.82	0.915 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 43.2, for a target of 42.3 or 41.59

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.83
Downside Target	42.28
Upside Target	43.00
Upside Target	43.42
Upside Target	43.54
Upside Target	44.30
Upside Target	44.39
Upside Target	45.52
Upside Target	46.44

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	42.31
Downside Intraday Target	41.65
Upside Intraday Target	43.31
Upside Intraday Target	43.65
Downside Intraday Target	42.65

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	42.96	42.22	43.00	42.00	0.098 times
25 Fri Oct 2024	41.98	43.23	43.42	41.40	1.101 times
18 Fri Oct 2024	43.49	41.38	44.30	40.82	1.622 times
11 Fri Oct 2024	41.40	40.79	41.93	40.07	0.719 times
04 Fri Oct 2024	41.08	41.62	42.28	39.83	0.834 times

Price has moved up 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
28 Mon Oct 2024	42.96	40.99	44.30	39.83	0.797 times
30 Mon Sep 2024	41.04	41.58	43.54	38.05	0.68 times
30 Fri Aug 2024	42.03	43.90	44.39	38.01	1.474 times
31 Wed Jul 2024	44.37	42.75	46.44	41.43	1.153 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magna International in short term and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Magna International in short term and BUY 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 42.17 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 positive

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