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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)

Showing technical analysis as on 2021-08-23 View latest technical analysis

10 day averaged volume of Magna Electr is 3721

Date Daily Closing Price Open High Low Volume
23 Mon Aug 2021 170.80 171.00 171.00 169.00 0.83 times
20 Fri Aug 2021 172.40 175.10 179.75 170.05 0.691 times
18 Wed Aug 2021 175.20 181.85 181.95 173.50 0.681 times
17 Tue Aug 2021 175.65 181.05 181.05 173.05 0.104 times
16 Mon Aug 2021 175.15 182.75 182.75 172.65 0.604 times
13 Fri Aug 2021 173.65 183.95 183.95 171.10 0.789 times
12 Thu Aug 2021 174.35 165.05 183.00 165.05 0.709 times
11 Wed Aug 2021 168.00 181.40 181.40 166.50 2.561 times
10 Tue Aug 2021 176.10 183.90 183.90 172.25 1.327 times
09 Mon Aug 2021 179.70 181.00 185.00 177.80 0.752 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 173, but if it comes above 173, then a intra day buy could be more profitable.
If you take a sell trade below 173, then use 173 as stoploss and 167 as target. However if you take a buy trade in stock , then use 173 as stoploss and 178.06 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 147.05
Downside Target 150.00
Downside Target 165.05
Upside Target 175.05
Upside Target 178.55
Upside Target 182.75
Upside Target 185.00
Upside Target 188.00
Upside Target 193.00
Upside Target 193.05
Upside Target 198.50

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 169.53
Downside Intraday Target 168.27
Upside Intraday Target 171.53
Upside Intraday Target 172.27
Downside Intraday Target 170.27

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
23 Mon Aug 2021 170.80 171.00 171.00 169.00 0.399 times
20 Fri Aug 2021 172.40 182.75 182.75 170.05 0.339 times
13 Fri Aug 2021 173.65 181.00 185.00 165.05 0.692 times
06 Fri Aug 2021 177.80 193.00 193.00 175.05 0.933 times
30 Fri Jul 2021 189.50 185.05 193.05 178.55 1.449 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 Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
23 Mon Aug 2021 170.80 193.00 193.00 165.05 0.415 times
30 Fri Jul 2021 189.50 175.00 198.50 171.00 0.563 times
30 Wed Jun 2021 172.20 157.00 188.00 150.00 4.897 times
31 Mon May 2021 156.75 162.00 165.95 152.00 2.072 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, 15, 28 Sell
MACD -2, -1Sell
Stochastics 39None
CCI -150Sell
RSI 52Buy
OBV -43322Sell
VWAP 173Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Magna Electr ( (MagnaElectr) ) 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 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 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 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.

Magna Electr Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 Electr in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 172.85 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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