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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 2021-08-31 View latest technical analysis

10 day averaged volume of Magna Electr is 2516

Date Daily Closing Price Open High Low Volume
31 Tue Aug 2021 176.10 179.05 181.00 175.00 0.222 times
30 Mon Aug 2021 181.15 182.25 182.50 172.25 1.865 times
27 Fri Aug 2021 179.55 178.95 182.95 178.95 1.805 times
26 Thu Aug 2021 178.45 178.85 178.85 175.55 1.11 times
25 Wed Aug 2021 172.15 182.95 182.95 169.05 0.697 times
24 Tue Aug 2021 177.95 168.00 178.45 166.00 0.219 times
23 Mon Aug 2021 170.80 171.00 171.00 169.00 1.228 times
20 Fri Aug 2021 172.40 175.10 179.75 170.05 1.023 times
18 Wed Aug 2021 175.20 181.85 181.95 173.50 1.007 times
17 Tue Aug 2021 175.65 181.05 181.05 173.05 0.153 times

My analysis of stock is bearish for shortterm, and stock might move down till 172.7 or till 168.5. Use a stoploss of 176.17 and if the stock hits stoploss, then it can shoot up till 179.66

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
Upside Target 179.00
Upside Target 182.75
Upside Target 182.95
Upside Target 185.00
Upside Target 188.00
Upside Target 193.00
Upside Target 198.50

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 171.4
Downside Intraday Target 166.7
Upside Intraday Target 181.65
Upside Intraday Target 187.2
Upside Intraday Target 176.95

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
31 Tue Aug 2021 176.10 182.25 182.50 172.25 0.412 times
27 Fri Aug 2021 179.55 171.00 182.95 166.00 1.644 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

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
31 Tue Aug 2021 176.10 193.00 193.00 165.05 0.508 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 17, 15, 6 Buy
MACD -0, -1Buy
Stochastics 75Buy
CCI 39Sell
RSI 50Buy
OBV -30662Sell
VWAP 177Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 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 gaining momentum.

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

Magna Electr Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY 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 176.6 and Magna Electr (MagnaElectr) stock is trading below this level. This means that stock is falling with high volumes. 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 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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