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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 2024-10-03 View latest technical analysis

10 day averaged volume of Magna International is 1489400

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	40.37	40.54	40.71	39.83	0.87 times
02 Wed Oct 2024	41.29	40.98	41.65	40.97	0.61 times
01 Tue Oct 2024	40.97	40.99	41.25	40.45	0.83 times
30 Mon Sep 2024	41.04	41.62	42.28	40.67	1.011 times
27 Fri Sep 2024	42.73	42.89	43.54	42.56	0.935 times
26 Thu Sep 2024	42.20	41.27	42.56	40.99	1.211 times
25 Wed Sep 2024	40.35	42.13	42.25	40.21	1.217 times
24 Tue Sep 2024	42.79	42.59	42.90	42.44	0.65 times
23 Mon Sep 2024	42.17	42.09	42.62	41.84	0.823 times
20 Fri Sep 2024	42.00	42.13	42.30	41.53	1.428 times

My analysis of stock is bearish for shortterm, and stock might move down till 39.7 or till 38.2. Use a stoploss of 40.88 and if the stock hits stoploss, then it can shoot up till 42.1

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.05
Upside Target	41.65
Upside Target	41.91
Upside Target	42.28
Upside Target	42.88
Upside Target	43.54
Upside Target	44.39
Upside Target	45.52
Upside Target	46.44

Intraday share price targets for Magna International (MGA)

Target Type	Value
Downside Intraday Target	39.37
Downside Intraday Target	38.38
Upside Intraday Target	41.82
Upside Intraday Target	43.28
Upside Intraday Target	40.83

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	40.37	41.62	42.28	39.83	0.687 times
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

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
03 Thu Oct 2024	40.37	40.99	41.65	39.83	0.113 times
30 Mon Sep 2024	41.04	41.58	43.54	38.05	0.68 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

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 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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 41.57 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.