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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 3045

Date Daily Closing Price Open High Low Volume
23 Mon May 2022 179.60 182.05 182.05 177.95 0.309 times
20 Fri May 2022 171.65 187.00 187.00 171.00 0.842 times
19 Thu May 2022 175.60 183.00 183.00 175.05 0.099 times
18 Wed May 2022 178.15 183.50 183.75 174.10 0.469 times
17 Tue May 2022 176.95 181.00 184.00 171.15 4.604 times
16 Mon May 2022 181.90 196.40 196.40 180.75 0.07 times
13 Fri May 2022 188.15 185.00 188.95 185.00 0.989 times
12 Thu May 2022 185.00 178.25 187.00 175.00 1.081 times
11 Wed May 2022 178.10 183.45 183.45 175.50 0.809 times
10 Tue May 2022 184.70 188.00 188.00 182.50 0.699 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 177.4 as stoploss in an intra day buy trade for a target of 187.42. However, stock will show a bearish move below 177.4.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 171.00
Downside Target 175.00
Upside Target 182.05
Upside Target 188.95
Upside Target 196.50
Upside Target 208.90
Upside Target 209.45
Upside Target 214.85
Upside Target 230.00
Upside Target 246.45
Upside Target 264.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 177.68
Downside Intraday Target 175.77
Upside Intraday Target 181.78
Upside Intraday Target 183.97
Upside Intraday Target 179.87

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
23 Mon May 2022 179.60 182.05 182.05 177.95 0.051 times
20 Fri May 2022 171.65 196.40 196.40 171.00 1.554 times
13 Fri May 2022 188.15 187.00 188.95 175.00 0.552 times
06 Fri May 2022 184.00 208.80 208.90 175.25 3.024 times
29 Fri Apr 2022 198.45 205.00 209.45 196.50 0.839 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 Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
23 Mon May 2022 179.60 208.80 208.90 171.00 1.437 times
29 Fri Apr 2022 198.45 201.10 214.85 192.90 0.947 times
31 Thu Mar 2022 199.75 215.30 230.00 195.00 0.753 times
28 Mon Feb 2022 215.30 225.00 246.45 192.10 0.306 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 8, 21, 46 Sell
MACD -13, -12Sell
Stochastics 18Sell
CCI -23Buy
RSI 45Sell
OBV -27182Sell
VWAP 179Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short 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 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 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 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magna Electr Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 Electr in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 179.28 and Magna Electr (MagnaElectr) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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

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Daily charts

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Daily chart

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