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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 2024-09-27 View latest technical analysis

10 day averaged volume of Magna International is 1529620

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	42.73	42.89	43.54	42.56	0.911 times
26 Thu Sep 2024	42.20	41.27	42.56	40.99	1.179 times
25 Wed Sep 2024	40.35	42.13	42.25	40.21	1.185 times
24 Tue Sep 2024	42.79	42.59	42.90	42.44	0.633 times
23 Mon Sep 2024	42.17	42.09	42.62	41.84	0.801 times
20 Fri Sep 2024	42.00	42.13	42.30	41.53	1.391 times
19 Thu Sep 2024	42.51	41.95	42.88	41.95	1.25 times
18 Wed Sep 2024	41.30	41.33	42.40	40.93	0.807 times
17 Tue Sep 2024	41.20	40.43	41.58	40.37	0.803 times
16 Mon Sep 2024	40.14	40.42	40.43	39.78	1.135 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 40.95 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	43.54
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	40.78
Downside Intraday Target	38.83
Upside Intraday Target	44.11
Upside Intraday Target	45.49
Downside Intraday Target	42.16

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	42.73	42.09	43.54	40.21	0.874 times
20 Fri Sep 2024	42.00	40.42	42.88	39.78	1.222 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

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
27 Fri Sep 2024	42.73	41.58	43.54	38.05	0.646 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 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 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 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 Weak and stock is losing 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. Bulls are getting tired and bears are picking up momentum.

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 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 41.69 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.