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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 2021-08-24 View latest technical analysis

10 day averaged volume of Magna Electr is 3367

Date Daily Closing Price Open High Low Volume
24 Tue Aug 2021 177.95 168.00 178.45 166.00 0.164 times
23 Mon Aug 2021 170.80 171.00 171.00 169.00 0.917 times
20 Fri Aug 2021 172.40 175.10 179.75 170.05 0.764 times
18 Wed Aug 2021 175.20 181.85 181.95 173.50 0.753 times
17 Tue Aug 2021 175.65 181.05 181.05 173.05 0.115 times
16 Mon Aug 2021 175.15 182.75 182.75 172.65 0.668 times
13 Fri Aug 2021 173.65 183.95 183.95 171.10 0.872 times
12 Thu Aug 2021 174.35 165.05 183.00 165.05 0.784 times
11 Wed Aug 2021 168.00 181.40 181.40 166.50 2.83 times
10 Tue Aug 2021 176.10 183.90 183.90 172.25 1.467 times

My analysis of stock is bullish for shortterm, and stock might move up till 182.8 or till 188.8. Use a stoploss of 177.87 and if this stock hits its stoploss, then it can fall down till 172.91

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 147.05
Downside Target 150.00
Downside Target 165.05
Downside Target 170.05
Downside Target 175.05
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 169.82
Downside Intraday Target 161.68
Upside Intraday Target 182.27
Upside Intraday Target 186.58
Downside Intraday Target 174.13

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
24 Tue Aug 2021 177.95 171.00 178.45 166.00 0.47 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 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
24 Tue Aug 2021 177.95 193.00 193.00 165.05 0.419 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 15, 13, 8 Buy
MACD -2, -1Sell
Stochastics 45None
CCI -25Buy
RSI 56Buy
OBV -45340Sell
VWAP 172Buy
ADL 0Sell
ROC -1Sell
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 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 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

ADX buy sell signal for Magna Electr stock for short term is BUY. Signal strength is Weak and stock is losing 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 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 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 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 172.33 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.

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Daily charts

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Daily chart

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