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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 2021-09-29 View latest technical analysis

10 day averaged volume of Magna Electr is 2740

Date Daily Closing Price Open High Low Volume
29 Wed Sep 2021 170.35 170.00 174.00 167.25 0.878 times
28 Tue Sep 2021 169.10 173.95 173.95 169.05 0.469 times
27 Mon Sep 2021 171.40 171.10 171.45 170.05 0.2 times
24 Fri Sep 2021 171.95 172.95 172.95 170.30 0.255 times
23 Thu Sep 2021 172.20 168.85 173.00 168.85 1.749 times
22 Wed Sep 2021 166.15 175.00 175.00 165.75 3.681 times
21 Tue Sep 2021 170.15 170.35 174.50 168.05 0.512 times
20 Mon Sep 2021 174.90 171.50 175.95 171.50 0.901 times
17 Fri Sep 2021 171.20 172.30 175.00 171.00 1.499 times
16 Thu Sep 2021 172.30 176.00 176.00 172.15 0.325 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 170.1 as stoploss in an intra day buy trade for a target of 172.36. However, stock will show a bearish move below 170.1.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.00
Downside Target 165.05
Upside Target 174.00
Upside Target 175.95
Upside Target 176.00
Upside Target 177.50
Upside Target 181.00
Upside Target 182.50
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 167.07
Downside Intraday Target 163.78
Upside Intraday Target 173.82
Upside Intraday Target 177.28
Upside Intraday Target 170.53

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
29 Wed Sep 2021 170.35 171.10 174.00 167.25 0.218 times
24 Fri Sep 2021 171.95 171.50 175.95 165.75 1.633 times
17 Fri Sep 2021 171.20 175.00 176.00 170.00 3.261 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

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
29 Wed Sep 2021 170.35 179.60 181.00 165.75 0.57 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 9, 15, 23 Sell
MACD -3, -3Sell
Stochastics 44None
CCI -58Sell
RSI 58Buy
OBV -16164Sell
VWAP 170Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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.

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 getting stronger in this stock.

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 SELL signal for Magna Electr in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 169.75 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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