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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 2024-10-31 View latest technical analysis

10 day averaged volume of Magna International is 1409920

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	39.47	41.25	41.29	39.40	2.316 times
30 Wed Oct 2024	41.31	41.14	41.81	41.00	0.626 times
29 Tue Oct 2024	41.61	42.20	42.27	41.18	0.701 times
28 Mon Oct 2024	42.96	42.22	43.00	42.00	0.537 times
25 Fri Oct 2024	41.98	42.57	42.59	41.83	1.108 times
24 Thu Oct 2024	42.11	42.71	43.08	41.46	1.081 times
23 Wed Oct 2024	42.08	41.69	42.18	41.40	1.296 times
22 Tue Oct 2024	41.90	41.91	42.08	41.47	0.951 times
21 Mon Oct 2024	41.85	43.23	43.42	41.77	1.036 times
18 Fri Oct 2024	43.49	43.41	44.30	43.16	1.452 times

Stock of Magna International (MGA) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 39.8, for a target of 40.7 or 41.58

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.40
Upside Target	42.28
Upside Target	43.00
Upside Target	43.42
Upside Target	43.54
Upside Target	44.30
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	38.25
Downside Intraday Target	37.02
Upside Intraday Target	41.85
Upside Intraday Target	44.22
Upside Intraday Target	40.62

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	39.47	42.22	43.00	39.40	0.764 times
25 Fri Oct 2024	41.98	43.23	43.42	41.40	1.101 times
18 Fri Oct 2024	43.49	41.38	44.30	40.82	1.622 times
11 Fri Oct 2024	41.40	40.79	41.93	40.07	0.719 times
04 Fri Oct 2024	41.08	41.62	42.28	39.83	0.834 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
31 Thu Oct 2024	39.47	40.99	44.30	39.40	0.966 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 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 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

Although the stock is in the BUY zone, but buying 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 41.65 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.