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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 2022-01-27 View latest technical analysis

10 day averaged volume of Magna Electr is 12187

Date Daily Closing Price Open High Low Volume
27 Thu Jan 2022 240.55 216.00 251.15 216.00 0.912 times
25 Tue Jan 2022 221.50 210.00 225.00 210.00 0.283 times
24 Mon Jan 2022 209.30 234.45 234.45 204.00 0.557 times
21 Fri Jan 2022 218.95 238.00 238.00 216.00 0.549 times
20 Thu Jan 2022 238.40 233.50 239.75 229.05 0.663 times
19 Wed Jan 2022 226.65 239.90 239.90 226.00 0.351 times
18 Tue Jan 2022 229.35 258.90 258.90 225.00 1.253 times
17 Mon Jan 2022 254.75 258.00 264.00 252.00 1.911 times
14 Fri Jan 2022 245.35 212.00 249.00 208.90 3.842 times
13 Thu Jan 2022 207.70 205.90 208.00 200.10 0.436 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 232.7, but if it comes below 232.7, then a intra day sell could be more profitable.
If you take a sell trade below 232.7, then use 232.7 as stoploss and 214.26 as target. However if you take a buy trade in stock , then use 232.7 as stoploss and 254.7 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 194.65
Downside Target 204.00
Downside Target 208.60
Downside Target 216.00
Upside Target 249.00
Upside Target 251.15
Upside Target 264.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 212.65
Downside Intraday Target 184.75
Upside Intraday Target 259.8
Upside Intraday Target 279.05
Downside Intraday Target 231.9

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
27 Thu Jan 2022 240.55 234.45 251.15 204.00 0.371 times
21 Fri Jan 2022 218.95 258.00 264.00 216.00 0.982 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

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
27 Thu Jan 2022 240.55 198.00 264.00 177.05 2.285 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 32, 21, 22 Buy
MACD 20, 19Buy
Stochastics 38None
CCI 39Buy
RSI 61Buy
OBV 76504Sell
VWAP 238Buy
ADL 0Sell
ROC 19Buy
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short 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 short 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 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 238.34 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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