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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 2022-07-20 View latest technical analysis

10 day averaged volume of Magna Electr is 1078

Date Daily Closing Price Open High Low Volume
20 Wed Jul 2022 180.00 179.00 180.00 174.05 2.144 times
19 Tue Jul 2022 178.00 177.00 179.00 175.65 0.726 times
18 Mon Jul 2022 175.70 170.00 178.55 170.00 3.497 times
15 Fri Jul 2022 168.25 175.00 175.00 165.00 1.903 times
14 Thu Jul 2022 175.00 175.00 175.00 174.95 1.892 times
13 Wed Jul 2022 172.65 173.30 178.00 172.05 0.876 times
12 Tue Jul 2022 178.35 177.00 179.00 173.05 0.267 times
11 Mon Jul 2022 174.95 175.00 175.00 174.95 0.051 times
08 Fri Jul 2022 172.55 170.80 176.90 170.80 0.249 times
07 Thu Jul 2022 177.95 178.00 178.00 170.15 0.266 times

Stock of Magna Electr (MagnaElectr) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 180.8, for a target of 176.7 or 173.39

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.95
Downside Target 163.75
Downside Target 170.00
Downside Target 175.50
Downside Target 180.00
Upside Target 192.90
Upside Target 195.00
Upside Target 208.90
Upside Target 214.85
Upside Target 230.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 173.33
Downside Intraday Target 166.67
Upside Intraday Target 183.33
Upside Intraday Target 186.67
Downside Intraday Target 176.67

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
20 Wed Jul 2022 180.00 170.00 180.00 170.00 1.276 times
15 Fri Jul 2022 168.25 175.00 179.00 165.00 5.608 times
08 Fri Jul 2022 172.55 173.90 178.90 170.00 0.619 times
01 Fri Jul 2022 173.90 173.00 179.95 163.75 0.22 times
24 Fri Jun 2022 170.20 167.00 175.50 150.95 0.872 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
20 Wed Jul 2022 180.00 174.95 180.00 165.00 0.463 times
30 Thu Jun 2022 170.05 179.95 180.00 150.95 0.475 times
31 Tue May 2022 177.45 208.80 208.90 171.00 1.635 times
29 Fri Apr 2022 198.45 201.10 214.85 192.90 0.947 times

Scroll below to view daily charts

Price has moved up 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 16, 21, 12 Sell
MACD -0, -2Buy
Stochastics 90Buy
CCI 128Buy
RSI 49Sell
OBV 7946Sell
VWAP 175Buy
ADL 0Sell
ROC 6Buy
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 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 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 gaining momentum.

MACD generated a BUY signal for Magna Electr in short term but the buy signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 SELL signal in short term and selling is picking up 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 175.13 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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