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(MagnaElectr) Magna Electr complete technical analysis [charts+indicators] | Buy/Sell Magna Electr | (MagnaElectr) share price targets

Complete technical analysis of Magna Electr (MagnaElectr) by charts plus indicators, forecast predictions and share price targets for Magna Electr (MagnaElectr)

10 day averaged volume of Magna Electr is 3502

Date Daily Closing Price Open High Low Volume
29 Thu Sep 2022 303.80 315.00 315.00 303.75 1.332 times
28 Wed Sep 2022 319.70 323.95 323.95 307.80 0.704 times
27 Tue Sep 2022 324.00 322.00 335.00 310.20 2.42 times
26 Mon Sep 2022 326.50 321.00 340.00 317.30 1.896 times
23 Fri Sep 2022 333.95 326.00 338.95 319.00 0.531 times
22 Thu Sep 2022 331.90 325.20 337.95 325.20 0.203 times
21 Wed Sep 2022 329.40 335.00 350.00 320.00 0.951 times
20 Tue Sep 2022 335.00 339.00 349.75 323.40 0.798 times
19 Mon Sep 2022 339.15 324.15 341.90 324.15 0.489 times
16 Fri Sep 2022 328.05 337.00 349.90 324.15 0.701 times

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 310.3, for a target of 323.1 or 333.81

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.95
Downside Target 165.00
Downside Target 171.00
Downside Target 180.00
Downside Target 186.85
Downside Target 208.90
Downside Target 214.60
Downside Target 303.75
Upside Target 312.40
Upside Target 319.00
Upside Target 340.00
Upside Target 357.80
Upside Target 365.00
Upside Target 370.00
Upside Target 390.30
Upside Target 399.55

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 291.7
Downside Intraday Target 279.6
Upside Intraday Target 327.95
Upside Intraday Target 352.1
Upside Intraday Target 315.85

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
29 Thu Sep 2022 303.80 321.00 340.00 303.75 2.137 times
23 Fri Sep 2022 333.95 324.15 350.00 319.00 0.401 times
16 Fri Sep 2022 328.05 344.20 357.80 323.00 0.531 times
09 Fri Sep 2022 344.20 347.00 365.00 312.40 1.36 times
02 Fri Sep 2022 347.60 360.00 390.30 344.00 0.207 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
29 Thu Sep 2022 303.80 370.00 370.00 303.75 0.26 times
30 Tue Aug 2022 362.50 186.85 399.55 186.85 10.813 times
29 Fri Jul 2022 190.60 174.95 214.60 165.00 1.447 times
30 Thu Jun 2022 170.05 179.95 180.00 150.95 0.475 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 Electr (MagnaElectr)

Indicator Name Indicator Value Indicator Signal
ADX 11, 16, 20 Sell
MACD 19, 28Sell
Stochastics 18Sell
CCI -191Sell
RSI 63Buy
OBV -62577Sell
VWAP 325Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) 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 Electr ( (MagnaElectr) ) 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 Electr ( (MagnaElectr) ) 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 Electr ( (MagnaElectr) ) based on a mid to longer 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.

ADX buy sell signal for Magna Electr stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Magna Electr in short term but the sell signal is initial and weak.

Magna Electr 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 Electr in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Magna Electr is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 324.58 and Magna Electr (MagnaElectr) 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 Electr (MagnaElectr) stock. Volume based technical analysis of Magna Electr (MagnaElectr) stock is negative.

Magna Electr 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.

Click here for Magna Electr charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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