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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 2022-01-18 View latest technical analysis

10 day averaged volume of Magna Electr is 9693

Date Daily Closing Price Open High Low Volume
18 Tue Jan 2022 229.35 258.90 258.90 225.00 1.575 times
17 Mon Jan 2022 254.75 258.00 264.00 252.00 2.403 times
14 Fri Jan 2022 245.35 212.00 249.00 208.90 4.831 times
13 Thu Jan 2022 207.70 205.90 208.00 200.10 0.548 times
12 Wed Jan 2022 202.40 206.45 206.45 199.00 0.196 times
11 Tue Jan 2022 203.70 205.90 205.90 200.00 0.023 times
10 Mon Jan 2022 201.10 198.95 206.90 198.95 0.452 times
07 Fri Jan 2022 198.95 200.00 201.00 196.55 0.102 times
06 Thu Jan 2022 199.75 199.00 204.60 195.00 0.231 times
05 Wed Jan 2022 200.50 205.00 205.00 197.60 0.411 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 221.4, but if it comes below 221.4, then a intra day sell could be more profitable.
If you take a sell trade below 221.4, then use 221.4 as stoploss and 202.32 as target. However if you take a buy trade in stock , then use 221.4 as stoploss and 244.3 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
Downside Target 208.60
Downside Target 225.00
Upside Target 249.00
Upside Target 264.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 214.9
Downside Intraday Target 200.45
Upside Intraday Target 253.9
Upside Intraday Target 278.45
Upside Intraday Target 239.45

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
18 Tue Jan 2022 229.35 258.00 264.00 225.00 0.658 times
14 Fri Jan 2022 245.35 198.95 249.00 198.95 2.895 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

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
18 Tue Jan 2022 229.35 198.00 264.00 177.05 1.7 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, 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, 24, 27 Buy
MACD 22, 16Buy
Stochastics 77Buy
CCI 91Sell
RSI 64Buy
OBV 88047Sell
VWAP 237Sell
ADL 0Sell
ROC 13Buy
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 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 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 SELL signal for Magna Electr in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 237.34 and Magna Electr (MagnaElectr) stock is trading below this level. This means that stock is falling with high volumes. 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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