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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 2022-05-27 View latest technical analysis

10 day averaged volume of Magna Electr is 2604

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 172.00 179.95 179.95 172.00 0.098 times
26 Thu May 2022 172.90 172.55 179.85 171.00 0.195 times
25 Wed May 2022 172.55 177.55 179.95 171.05 0.82 times
24 Tue May 2022 180.00 179.05 188.90 179.05 0.353 times
23 Mon May 2022 179.60 182.05 182.05 177.95 0.361 times
20 Fri May 2022 171.65 187.00 187.00 171.00 0.985 times
19 Thu May 2022 175.60 183.00 183.00 175.05 0.116 times
18 Wed May 2022 178.15 183.50 183.75 174.10 0.548 times
17 Tue May 2022 176.95 181.00 184.00 171.15 5.384 times
16 Mon May 2022 181.90 196.40 196.40 180.75 0.082 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 174.1, but if it comes above 174.1, then a intra day buy could be more profitable.
If you take a sell trade below 174.1, then use 174.1 as stoploss and 164.9 as target. However if you take a buy trade in stock , then use 174.1 as stoploss and 181.79 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 171.00
Upside Target 175.00
Upside Target 188.90
Upside Target 196.50
Upside Target 208.90
Upside Target 209.45
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 165.7
Downside Intraday Target 159.4
Upside Intraday Target 183.6
Upside Intraday Target 195.2
Upside Intraday Target 177.3

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 172.00 182.05 188.90 171.00 0.257 times
20 Fri May 2022 171.65 196.40 196.40 171.00 1.554 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

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 Fri May 2022 172.00 208.80 208.90 171.00 1.54 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, 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 10, 21, 34 Sell
MACD -13, -12Sell
Stochastics 6Sell
CCI -85Buy
RSI 41Sell
OBV -30935Sell
VWAP 176Sell
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 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 getting stronger in this stock.

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 buy signal for Magna Electr in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 176.15 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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