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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 2022-05-04 View latest technical analysis

10 day averaged volume of Magna Electr is 1202

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 184.30 196.00 205.25 175.25 13.23 times
02 Mon May 2022 200.00 208.80 208.90 195.00 0.504 times
29 Fri Apr 2022 198.45 208.15 208.15 198.10 0.409 times
28 Thu Apr 2022 199.25 198.20 209.45 198.20 1.839 times
27 Wed Apr 2022 204.00 206.00 206.00 202.05 0.425 times
26 Tue Apr 2022 200.90 201.50 208.30 200.55 0.923 times
25 Mon Apr 2022 205.85 205.00 209.00 196.50 2.341 times
22 Fri Apr 2022 202.30 202.30 205.00 202.30 0.476 times
21 Thu Apr 2022 202.20 201.00 210.00 201.00 0.171 times
20 Wed Apr 2022 201.00 210.00 210.00 200.00 0.47 times

Stock of Magna Electr (MagnaElectr) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 191.9, for a target of 197.3 or 201.76

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 175.25
Upside Target 192.10
Upside Target 208.90
Upside Target 209.45
Upside Target 210.50
Upside Target 212.95
Upside Target 214.85
Upside Target 230.00
Upside Target 246.45
Upside Target 264.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 170.07
Downside Intraday Target 155.83
Upside Intraday Target 203.72
Upside Intraday Target 223.13
Upside Intraday Target 189.48

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 184.30 208.80 208.90 175.25 2.313 times
29 Fri Apr 2022 198.45 205.00 209.45 196.50 0.839 times
22 Fri Apr 2022 202.30 210.50 210.50 196.00 1.142 times
13 Wed Apr 2022 204.10 204.30 212.95 199.00 0.577 times
08 Fri Apr 2022 205.55 209.50 214.85 192.90 0.806 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
04 Wed May 2022 184.30 208.80 208.90 175.25 0.448 times
29 Fri Apr 2022 198.45 201.10 214.85 192.90 0.947 times
31 Thu Mar 2022 199.75 215.30 230.00 195.00 0.753 times
28 Mon Feb 2022 215.30 225.00 246.45 192.10 0.306 times

Scroll below to view daily charts

Price has moved down 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 5, 28, 71 Sell
MACD -6, -4Sell
Stochastics 25Sell
CCI -326Sell
RSI 40Sell
OBV -10306Sell
VWAP 191Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short 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.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short 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.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short to mid 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.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Magna Electr in short term and the sell signal is strong.

Magna Electr Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Magna Electr in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 190.79 and Magna Electr (MagnaElectr) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.

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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