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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 2024-08-09 View latest technical analysis

10 day averaged volume of Magna International is 2659948

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	38.80	39.30	39.44	38.60	0.474 times
08 Thu Aug 2024	39.18	39.21	39.34	38.80	0.916 times
07 Wed Aug 2024	38.88	39.24	39.67	38.63	1.161 times
06 Tue Aug 2024	38.64	39.20	39.27	38.50	1.217 times
05 Mon Aug 2024	39.06	39.00	39.81	38.39	1.368 times
02 Fri Aug 2024	40.43	42.31	42.31	40.11	1.371 times
01 Thu Aug 2024	43.01	43.90	44.39	42.52	1.318 times
31 Wed Jul 2024	44.37	44.01	45.16	43.92	0.772 times
30 Tue Jul 2024	43.73	43.76	44.25	43.53	0.778 times
29 Mon Jul 2024	43.76	43.53	44.00	42.94	0.69 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.2, but if it comes above 40.2, then a intra day buy could be more profitable.
If you take a sell trade below 40.2, then use 40.2 as stoploss and 37.3 as target. However if you take a buy trade in stock , then use 40.2 as stoploss and 42.63 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.39
Upside Target	39.81
Upside Target	44.57
Upside Target	44.96
Upside Target	45.16
Upside Target	45.52
Upside Target	46.44
Upside Target	47.42
Upside Target	48.64
Upside Target	54.36

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	38.19
Downside Intraday Target	37.58
Upside Intraday Target	39.61
Upside Intraday Target	40.42
Upside Intraday Target	39

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	38.80	39.00	39.81	38.39	1.042 times
02 Fri Aug 2024	40.43	43.53	45.16	40.11	2.12 times
26 Fri Jul 2024	43.53	43.78	44.57	42.60	0.819 times
19 Fri Jul 2024	43.64	44.27	46.44	43.29	1.236 times
12 Fri Jul 2024	44.45	42.52	44.96	42.14	4.349 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
09 Fri Aug 2024	38.80	43.90	44.39	38.39	0.684 times
31 Wed Jul 2024	44.37	42.75	46.44	41.43	1.153 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

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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Magna International in short term and the sell signal is strong.

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 coming down

CCI has generated a SELL signal for Magna International in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 40.78 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.