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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 2021-10-06 View latest technical analysis

10 day averaged volume of Magna Electr is 2555

Date Daily Closing Price Open High Low Volume
06 Wed Oct 2021 172.75 177.95 177.95 172.15 1.327 times
05 Tue Oct 2021 174.00 175.00 175.00 171.60 0.528 times
04 Mon Oct 2021 172.45 174.00 174.00 171.35 0.85 times
01 Fri Oct 2021 174.10 173.50 174.50 171.00 0.589 times
30 Thu Sep 2021 172.70 168.00 173.90 166.50 0.275 times
29 Wed Sep 2021 170.35 170.00 174.00 167.25 0.942 times
28 Tue Sep 2021 169.10 173.95 173.95 169.05 0.503 times
27 Mon Sep 2021 171.40 171.10 171.45 170.05 0.215 times
24 Fri Sep 2021 171.95 172.95 172.95 170.30 0.273 times
23 Thu Sep 2021 172.20 168.85 173.00 168.85 1.876 times

My analysis of stock is bullish for shortterm, and stock might move up till 174.1 or till 176.6. Use a stoploss of 172.02 and if this stock hits its stoploss, then it can fall down till 169.96

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 177.95
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 170.08
Downside Intraday Target 167.42
Upside Intraday Target 176.68
Upside Intraday Target 180.62
Upside Intraday Target 174.02

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
06 Wed Oct 2021 172.75 174.00 177.95 171.35 1.071 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
06 Wed Oct 2021 172.75 173.50 177.95 171.00 0.178 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 up 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 14, 11, 15 Buy
MACD -1, -2Buy
Stochastics 72Buy
CCI 135Buy
RSI 57Buy
OBV -13830Sell
VWAP 172Buy
ADL 0Sell
ROC 4Buy
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 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 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.

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 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 buy signal for Magna Electr in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 172.15 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 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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