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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)

10 day averaged volume of Magna Electr is 10417

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 259.05 255.90 262.95 248.00 0.995 times
12 Fri Aug 2022 253.80 259.90 264.75 245.15 1.073 times
11 Thu Aug 2022 248.85 259.90 267.70 245.00 0.692 times
10 Wed Aug 2022 253.15 268.00 275.00 250.00 4.357 times
08 Mon Aug 2022 243.60 203.00 243.60 203.00 2.713 times
05 Fri Aug 2022 203.00 197.25 209.90 197.25 0.427 times
04 Thu Aug 2022 199.45 187.05 202.00 187.05 0.41 times
03 Wed Aug 2022 187.05 187.05 194.50 187.05 0.024 times
02 Tue Aug 2022 193.35 193.35 193.35 193.35 0.001 times
01 Mon Aug 2022 193.35 186.85 195.00 186.85 0.188 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 267.1, for a target of 233.1 or 204.66

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.95
Downside Target 165.00
Downside Target 170.00
Downside Target 180.00
Downside Target 183.70
Downside Target 192.90
Downside Target 203.00
Downside Target 208.90
Downside Target 214.60
Downside Target 214.85
Downside Target 248.00
Upside Target 262.95
Upside Target 275.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 250.38
Downside Intraday Target 241.72
Upside Intraday Target 265.33
Upside Intraday Target 271.62
Downside Intraday Target 256.67

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 259.05 255.90 262.95 248.00 0.113 times
12 Fri Aug 2022 253.80 203.00 275.00 203.00 8.414 times
05 Fri Aug 2022 203.00 186.85 209.90 186.85 0.428 times
30 Sat Jul 2022 190.60 189.50 214.60 183.70 2.685 times
22 Fri Jul 2022 181.15 170.00 184.90 170.00 1.769 times

Price has moved up 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
16 Tue Aug 2022 259.05 186.85 275.00 186.85 2.734 times
30 Sat Jul 2022 190.60 174.95 214.60 165.00 1.447 times
30 Thu Jun 2022 170.05 179.95 180.00 150.95 0.456 times
31 Tue May 2022 177.45 208.80 208.90 171.00 1.704 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Magna Electr (MagnaElectr)

Indicator Name Indicator Value Indicator Signal
ADX 42, 7, 70 Buy
MACD 33, 23Buy
Stochastics 76Buy
CCI 80Buy
RSI 64Buy
OBV 110089Sell
VWAP 246Buy
ADL 0Sell
ROC 36Buy
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 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 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 mid to longer 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.

ADX buy sell signal for Magna Electr stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are above the green cloud Prices appear to be moving up

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 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 245.92 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 positive

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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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