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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 2022-01-11 View latest technical analysis

10 day averaged volume of Magna Electr is 3908

Date Daily Closing Price Open High Low Volume
11 Tue Jan 2022 203.70 205.90 205.90 200.00 0.056 times
10 Mon Jan 2022 201.10 198.95 206.90 198.95 1.12 times
07 Fri Jan 2022 198.95 200.00 201.00 196.55 0.253 times
06 Thu Jan 2022 199.75 199.00 204.60 195.00 0.573 times
05 Wed Jan 2022 200.50 205.00 205.00 197.60 1.018 times
04 Tue Jan 2022 203.35 199.00 208.60 198.25 1.996 times
03 Mon Jan 2022 194.30 198.00 198.00 177.05 1.342 times
31 Fri Dec 2021 194.70 188.50 197.90 188.50 0.256 times
30 Thu Dec 2021 194.00 195.00 195.00 190.10 0.411 times
29 Wed Dec 2021 193.40 189.80 195.00 187.50 2.758 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 199.5, but if it comes below 199.5, then a intra day sell could be more profitable.
If you take a sell trade below 199.5, then use 199.5 as stoploss and 189.82 as target. However if you take a buy trade in stock , then use 199.5 as stoploss and 211.1 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 162.00
Downside Target 165.75
Downside Target 170.00
Downside Target 177.05
Downside Target 186.70
Downside Target 194.65
Downside Target 197.90
Downside Target 198.95
Upside Target 206.90
Upside Target 208.60

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 199.47
Downside Intraday Target 195.23
Upside Intraday Target 207.42
Upside Intraday Target 211.13
Downside Intraday Target 203.18

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
11 Tue Jan 2022 203.70 198.95 206.90 198.95 0.227 times
07 Fri Jan 2022 198.95 198.00 208.60 177.05 0.721 times
31 Fri Dec 2021 194.70 183.00 197.90 183.00 2.848 times
24 Fri Dec 2021 182.10 172.00 186.70 172.00 0.733 times
17 Fri Dec 2021 171.80 187.90 187.90 171.05 1.129 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
11 Tue Jan 2022 203.70 198.00 208.60 177.05 0.36 times
31 Fri Dec 2021 194.70 185.50 197.90 171.05 0.755 times
30 Tue Nov 2021 179.25 181.25 194.65 170.00 2.129 times
29 Fri Oct 2021 170.75 173.50 177.95 162.00 0.91 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 26, 14, 29 Buy
MACD 10, 8Buy
Stochastics 77Buy
CCI 82Buy
RSI 65Buy
OBV 23708Sell
VWAP 198Buy
ADL 0Sell
ROC 8Buy
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 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 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 losing 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 red color and prices are in or above the red 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 197.81 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

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Daily chart

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