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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.

10 day averaged volume of Magna International is 1056961

Date Daily Closing Price Open High Low Volume
27 Fri Jan 2023 63.89 62.62 64.27 62.50 1.074 times
26 Thu Jan 2023 62.05 62.01 62.22 61.07 0.821 times
25 Wed Jan 2023 61.14 59.14 61.26 58.72 1.368 times
24 Tue Jan 2023 60.74 62.97 62.97 59.16 3.269 times
23 Mon Jan 2023 65.46 64.47 65.51 64.08 0.477 times
20 Fri Jan 2023 63.88 63.52 64.38 63.10 0.585 times
19 Thu Jan 2023 63.12 63.50 63.60 62.35 0.535 times
18 Wed Jan 2023 63.86 65.77 65.99 63.81 0.764 times
17 Tue Jan 2023 65.15 63.82 65.24 63.81 0.983 times
13 Fri Jan 2023 64.07 63.03 64.34 62.88 0.661 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 64.4 as stoploss in an intra day sell trade for a target of 61.99. However, stock will show a bullish move above 64.4.

Share price targets for Magna International (MGA)

Target Type Value
Downside Target 45.58
Downside Target 47.04
Downside Target 53.21
Downside Target 56.32
Downside Target 58.72
Downside Target 60.01
Downside Target 61.99
Upside Target 64.31
Upside Target 64.34
Upside Target 65.51
Upside Target 65.99

Intraday share price targets for Magna International (MGA)

Target Type Value
Downside Intraday Target 59.9
Downside Intraday Target 55.92
Upside Intraday Target 66.69
Upside Intraday Target 69.5
Downside Intraday Target 62.71

Weekly technical analysis of Magna International (MGA)

Date Weekly Closing Price Open High Low Volume
27 Fri Jan 2023 63.89 64.47 65.51 58.72 2.445 times
20 Fri Jan 2023 63.88 63.82 65.99 62.35 4.333 times
13 Fri Jan 2023 64.07 63.03 64.34 62.88 0.156 times
13 Fri Jan 2023 64.08 61.37 64.34 60.01 1.271 times
06 Fri Jan 2023 61.60 57.02 61.99 56.91 5.682 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna International (MGA)

Date Monthly Closing Price Open High Low Volume
27 Fri Jan 2023 63.89 57.02 65.99 56.91 0.771 times
30 Fri Dec 2022 56.18 61.94 62.74 53.86 0.979 times
30 Wed Nov 2022 61.59 56.98 64.31 53.21 1.138 times
31 Mon Oct 2022 55.73 48.53 56.32 45.58 0.935 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)

Indicator Name Indicator Value Indicator Signal
ADX 35, 26, 15 Buy
MACD 2, 2Sell
Stochastics 50None
CCI 21Buy
RSI 46Sell
OBV 5038461Sell
VWAP 63Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

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 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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Magna International stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Magna International in short term but the sell 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. Bulls are getting stronger in this stock.

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

Although the stock is in the BUY zone, but buying 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 62.57 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 has given negative 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.

Daily charts

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Daily chart

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