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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 2024-03-01 View latest technical analysis

10 day averaged volume of Magna International is 1702050

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	54.05	55.33	55.33	53.72	0.907 times
29 Thu Feb 2024	55.12	55.30	55.50	54.48	0.924 times
28 Wed Feb 2024	54.85	54.40	55.04	54.19	0.469 times
27 Tue Feb 2024	54.74	53.66	55.13	53.51	0.981 times
26 Mon Feb 2024	53.33	54.10	54.64	53.01	0.624 times
23 Fri Feb 2024	54.34	54.59	55.00	54.27	0.617 times
22 Thu Feb 2024	54.64	54.25	55.02	54.06	2.469 times
21 Wed Feb 2024	54.40	54.26	54.62	53.79	2.26 times
20 Tue Feb 2024	54.28	54.64	54.90	53.64	0.634 times
16 Fri Feb 2024	54.94	55.44	55.57	54.47	0.436 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.8 as stoploss in an intra day buy trade for a target of 55.4. However, stock will show a bearish move below 53.8.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	46.71
Downside Target	52.61
Upside Target	55.02
Upside Target	55.53
Upside Target	55.73
Upside Target	56.44
Upside Target	58.04
Upside Target	59.37
Upside Target	59.53
Upside Target	60.32

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	52.87
Downside Intraday Target	51.7
Upside Intraday Target	55.36
Upside Intraday Target	56.68
Upside Intraday Target	54.19

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	54.05	54.10	55.50	53.01	0.653 times
23 Fri Feb 2024	54.34	54.64	55.02	53.64	1.447 times
16 Fri Feb 2024	54.94	54.16	55.73	53.22	0.787 times
09 Fri Feb 2024	54.69	56.39	59.37	53.70	1.377 times
02 Fri Feb 2024	57.02	55.55	58.04	55.53	1.405 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
01 Fri Mar 2024	54.05	55.33	55.33	53.72	0.046 times
29 Thu Feb 2024	55.12	57.35	59.37	53.01	1.522 times
31 Wed Jan 2024	56.85	58.50	59.53	52.91	1.185 times
29 Fri Dec 2023	59.08	54.09	60.32	52.61	0.596 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 tired and bears 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 and selling is picking up 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 54.49 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 positive

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