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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 2024-09-19 View latest technical analysis

10 day averaged volume of Magna International is 1363203

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	42.51	41.95	42.88	41.95	1.403 times
18 Wed Sep 2024	41.30	41.33	42.40	40.93	0.906 times
17 Tue Sep 2024	41.20	40.43	41.58	40.37	0.901 times
16 Mon Sep 2024	40.14	40.42	40.43	39.78	1.274 times
13 Fri Sep 2024	40.20	39.81	40.42	39.81	0.915 times
12 Thu Sep 2024	39.42	39.30	39.49	38.89	0.917 times
11 Wed Sep 2024	39.28	38.67	39.38	38.19	0.987 times
10 Tue Sep 2024	38.66	39.01	39.06	38.05	1.305 times
09 Mon Sep 2024	39.71	39.43	40.00	39.32	0.821 times
06 Fri Sep 2024	39.36	40.58	40.70	39.05	1.053 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 42.2, but if it comes below 42.2, then a intra day sell could be more profitable.
If you take a sell trade below 42.2, then use 42.2 as stoploss and 41.01 as target. However if you take a buy trade in stock , then use 42.2 as stoploss and 43.7 as target.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.05
Downside Target	42.05
Upside Target	42.88
Upside Target	43.25
Upside Target	43.96
Upside Target	44.39
Upside Target	45.52
Upside Target	46.44
Upside Target	48.64

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	40.57
Downside Intraday Target	38.62
Upside Intraday Target	43.67
Upside Intraday Target	44.82
Downside Intraday Target	41.72

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	42.51	40.42	42.88	39.78	0.907 times
13 Fri Sep 2024	40.20	39.43	40.42	38.05	0.992 times
06 Fri Sep 2024	39.36	41.58	41.91	39.05	4.895 times
30 Fri Aug 2024	42.03	41.86	42.05	41.45	0.259 times
30 Fri Aug 2024	42.03	42.82	43.25	41.45	1.091 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
19 Thu Sep 2024	42.51	41.58	42.88	38.05	0.438 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
28 Fri Jun 2024	41.90	45.35	45.52	40.83	0.438 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 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 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 gaining 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 40.21 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.