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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 2024-09-20 View latest technical analysis

10 day averaged volume of Magna International is 1428739

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	42.00	42.13	42.30	41.53	1.489 times
19 Thu Sep 2024	42.51	41.95	42.88	41.95	1.339 times
18 Wed Sep 2024	41.30	41.33	42.40	40.93	0.864 times
17 Tue Sep 2024	41.20	40.43	41.58	40.37	0.859 times
16 Mon Sep 2024	40.14	40.42	40.43	39.78	1.216 times
13 Fri Sep 2024	40.20	39.81	40.42	39.81	0.873 times
12 Thu Sep 2024	39.42	39.30	39.49	38.89	0.875 times
11 Wed Sep 2024	39.28	38.67	39.38	38.19	0.941 times
10 Tue Sep 2024	38.66	39.01	39.06	38.05	1.245 times
09 Mon Sep 2024	39.71	39.43	40.00	39.32	0.783 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 42.2 as stoploss in an intra day sell trade for a target of 40.98. However, stock will show a bullish move above 42.2.

Share price targets for Magna International (MGA)

Target Type	Value
Downside Target	38.01
Downside Target	39.05
Upside 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	40.23
Downside Intraday Target	38.45
Upside Intraday Target	43.33
Upside Intraday Target	44.65
Downside Intraday Target	41.55

Weekly technical analysis of Magna International (MGA)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
20 Fri Sep 2024	42.00	41.58	42.88	38.05	0.486 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 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 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 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 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 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 coming down

CCI has generated a SELL signal for Magna International in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 40.55 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.