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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 2022-07-25 View latest technical analysis

10 day averaged volume of Magna Electr is 1489

Date Daily Closing Price Open High Low Volume
25 Mon Jul 2022 204.85 189.50 208.00 188.70 9.772 times
22 Fri Jul 2022 181.15 183.00 184.90 177.75 1.044 times
21 Thu Jul 2022 176.05 183.00 183.00 174.80 0.737 times
20 Wed Jul 2022 180.00 179.00 180.00 174.05 1.552 times
19 Tue Jul 2022 178.00 177.00 179.00 175.65 0.526 times
18 Mon Jul 2022 175.70 170.00 178.55 170.00 2.532 times
15 Fri Jul 2022 168.25 175.00 175.00 165.00 1.377 times
14 Thu Jul 2022 175.00 175.00 175.00 174.95 1.37 times
13 Wed Jul 2022 172.65 173.30 178.00 172.05 0.634 times
12 Tue Jul 2022 178.35 177.00 179.00 173.05 0.193 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 192.3, for a target of 183.4 or 175.98

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.95
Downside Target 163.75
Downside Target 170.00
Downside Target 178.90
Downside Target 184.90
Downside Target 188.70
Downside Target 192.90
Downside Target 195.00
Upside Target 208.00
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 193.03
Downside Intraday Target 181.22
Upside Intraday Target 212.33
Upside Intraday Target 219.82
Downside Intraday Target 200.52

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
25 Mon Jul 2022 204.85 189.50 208.00 188.70 1.529 times
22 Fri Jul 2022 181.15 170.00 184.90 170.00 1.769 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

Price has moved up 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
25 Mon Jul 2022 204.85 174.95 208.00 165.00 1.063 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 39, 11, 55 Buy
MACD 4, 1Buy
Stochastics 78Buy
CCI 297Buy
RSI 59Buy
OBV 20147Sell
VWAP 190Buy
ADL 0Sell
ROC 17Buy
Force Index 0Sell

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

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 190.19 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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