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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 2021-09-16 View latest technical analysis

10 day averaged volume of Magna Electr is 1780

Date Daily Closing Price Open High Low Volume
16 Thu Sep 2021 172.30 176.00 176.00 172.15 0.501 times
15 Wed Sep 2021 173.15 176.00 176.00 171.10 0.631 times
14 Tue Sep 2021 171.70 173.70 174.95 171.00 1.101 times
13 Mon Sep 2021 170.70 175.00 175.00 170.00 2.15 times
09 Thu Sep 2021 174.20 175.00 175.00 171.05 0.083 times
08 Wed Sep 2021 175.00 171.05 176.90 171.05 0.521 times
07 Tue Sep 2021 175.15 175.70 175.70 171.25 0.369 times
06 Mon Sep 2021 175.35 177.00 177.50 170.50 1.079 times
03 Fri Sep 2021 174.00 178.00 178.00 172.10 0.861 times
02 Thu Sep 2021 174.00 179.95 181.00 172.00 1.816 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 171.9 as stoploss in an intra day buy trade for a target of 174.67. However, stock will show a bearish move below 171.9.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.00
Downside Target 165.05
Downside Target 170.00
Upside Target 176.00
Upside Target 177.50
Upside Target 181.00
Upside Target 182.50
Upside Target 182.75
Upside Target 182.95
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 169.53
Downside Intraday Target 166.77
Upside Intraday Target 175.53
Upside Intraday Target 178.77
Upside Intraday Target 172.77

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
16 Thu Sep 2021 172.30 175.00 176.00 170.00 2.136 times
09 Thu Sep 2021 174.20 177.00 177.50 170.50 0.293 times
03 Fri Sep 2021 174.00 182.25 182.50 170.00 0.981 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
16 Thu Sep 2021 172.30 179.60 181.00 170.00 0.229 times
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

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 11, 12, 4 Sell
MACD -2, -2Sell
Stochastics 22Sell
CCI -25Buy
RSI 56Buy
OBV -4690Sell
VWAP 173Sell
ADL 0Sell
ROC -1Sell
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 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 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 SELL. Signal strength is Weak 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 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 coming down

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 173.06 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.

Click here for Magna Electr charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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