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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 11333

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 257.05 261.00 269.35 252.50 0.437 times
16 Tue Aug 2022 259.05 255.90 262.95 248.00 0.914 times
12 Fri Aug 2022 253.80 259.90 264.75 245.15 0.987 times
11 Thu Aug 2022 248.85 259.90 267.70 245.00 0.636 times
10 Wed Aug 2022 253.15 268.00 275.00 250.00 4.005 times
08 Mon Aug 2022 243.60 203.00 243.60 203.00 2.493 times
05 Fri Aug 2022 203.00 197.25 209.90 197.25 0.392 times
04 Thu Aug 2022 199.45 187.05 202.00 187.05 0.377 times
03 Wed Aug 2022 187.05 187.05 194.50 187.05 0.022 times
02 Tue Aug 2022 193.35 193.35 193.35 193.35 0.001 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 238.5, but if it comes below 238.5, then a intra day sell could be more profitable.
If you take a sell trade below 238.5, then use 238.5 as stoploss and 208.73 as target. However if you take a buy trade in stock , then use 238.5 as stoploss and 274.2 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.95
Downside Target 165.00
Downside Target 170.00
Downside Target 180.00
Downside Target 183.70
Downside Target 192.90
Downside Target 203.00
Downside Target 208.90
Downside Target 214.60
Downside Target 214.85
Downside Target 248.00
Upside Target 269.35
Upside Target 275.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 246.92
Downside Intraday Target 236.78
Upside Intraday Target 268.27
Upside Intraday Target 279.48
Upside Intraday Target 258.13

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 257.05 255.90 269.35 248.00 0.166 times
12 Fri Aug 2022 253.80 203.00 275.00 203.00 8.414 times
05 Fri Aug 2022 203.00 186.85 209.90 186.85 0.428 times
30 Sat Jul 2022 190.60 189.50 214.60 183.70 2.685 times
22 Fri Jul 2022 181.15 170.00 184.90 170.00 1.769 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
17 Wed Aug 2022 257.05 186.85 275.00 186.85 2.853 times
30 Sat 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 0.456 times
31 Tue May 2022 177.45 208.80 208.90 171.00 1.704 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Magna Electr (MagnaElectr)

Indicator Name Indicator Value Indicator Signal
ADX 41, 7, 73 Buy
MACD 34, 26Buy
Stochastics 79Buy
CCI 73Buy
RSI 65Buy
OBV 107184Sell
VWAP 247Buy
ADL 0Sell
ROC 33Buy
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magna Electr ( (MagnaElectr) ) 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 Electr ( (MagnaElectr) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magna Electr in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Magna Electr in short term and BUY 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

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 247.28 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 rising upwards.

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 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.

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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