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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 2021-10-04 View latest technical analysis

10 day averaged volume of Magna Electr is 2590

Date Daily Closing Price Open High Low Volume
04 Mon Oct 2021 172.45 174.00 174.00 171.35 0.838 times
01 Fri Oct 2021 174.10 173.50 174.50 171.00 0.581 times
30 Thu Sep 2021 172.70 168.00 173.90 166.50 0.271 times
29 Wed Sep 2021 170.35 170.00 174.00 167.25 0.929 times
28 Tue Sep 2021 169.10 173.95 173.95 169.05 0.497 times
27 Mon Sep 2021 171.40 171.10 171.45 170.05 0.212 times
24 Fri Sep 2021 171.95 172.95 172.95 170.30 0.269 times
23 Thu Sep 2021 172.20 168.85 173.00 168.85 1.851 times
22 Wed Sep 2021 166.15 175.00 175.00 165.75 3.894 times
21 Tue Sep 2021 170.15 170.35 174.50 168.05 0.541 times

My analysis of stock is bullish for shortterm, and stock might move up till 174.5 or till 177.1. Use a stoploss of 172.21 and if this stock hits its stoploss, then it can fall down till 169.97

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.00
Downside Target 165.05
Downside Target 170.00
Upside Target 174.50
Upside Target 175.95
Upside Target 176.00
Upside Target 177.50
Upside Target 181.00
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 171.2
Downside Intraday Target 169.95
Upside Intraday Target 173.85
Upside Intraday Target 175.25
Upside Intraday Target 172.6

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
04 Mon Oct 2021 172.45 174.00 174.00 171.35 0.337 times
01 Fri Oct 2021 174.10 171.10 174.50 166.50 0.332 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

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
04 Mon Oct 2021 172.45 173.50 174.50 171.00 0.078 times
30 Thu Sep 2021 172.70 179.60 181.00 165.75 0.578 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

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 8, 13, 21 Sell
MACD -2, -2Buy
Stochastics 74Buy
CCI 114Sell
RSI 57Buy
OBV -9868Sell
VWAP 170Buy
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 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 losing momentum.

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

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 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 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 169.5 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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