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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 2022-05-16 View latest technical analysis

10 day averaged volume of Magna Electr is 3400

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 181.90 196.40 196.40 180.75 0.063 times
13 Fri May 2022 188.15 185.00 188.95 185.00 0.886 times
12 Thu May 2022 185.00 178.25 187.00 175.00 0.969 times
11 Wed May 2022 178.10 183.45 183.45 175.50 0.724 times
10 Tue May 2022 184.70 188.00 188.00 182.50 0.626 times
09 Mon May 2022 186.00 187.00 188.75 184.00 0.301 times
06 Fri May 2022 184.00 187.05 189.00 180.05 0.744 times
05 Thu May 2022 185.75 196.95 196.95 181.40 0.75 times
04 Wed May 2022 184.30 196.00 205.25 175.25 4.677 times
02 Mon May 2022 200.00 208.80 208.90 195.00 0.178 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 184.8, but if it comes above 184.8, then a intra day buy could be more profitable.
If you take a sell trade below 184.8, then use 184.8 as stoploss and 173.8 as target. However if you take a buy trade in stock , then use 184.8 as stoploss and 193.97 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 175.00
Downside Target 180.75
Upside Target 188.95
Upside Target 208.90
Upside Target 209.45
Upside Target 210.50
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 176.3
Downside Intraday Target 170.7
Upside Intraday Target 191.95
Upside Intraday Target 202
Upside Intraday Target 186.35

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 181.90 196.40 196.40 180.75 0.018 times
13 Fri May 2022 188.15 187.00 188.95 175.00 0.552 times
06 Fri May 2022 184.00 208.80 208.90 175.25 3.024 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

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
16 Mon May 2022 181.90 208.80 208.90 175.00 0.914 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 14, 20, 20 Sell
MACD -11, -10Sell
Stochastics 29Sell
CCI -9Sell
RSI 42Sell
OBV -13085Sell
VWAP 185Sell
ADL 0Sell
ROC -8Sell
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 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 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 Weak and stock is losing 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 in or above 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 184.69 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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