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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 2022-07-28 View latest technical analysis

10 day averaged volume of Magna Electr is 3652

Date Daily Closing Price Open High Low Volume
28 Thu Jul 2022 193.35 196.90 196.90 186.05 0.393 times
27 Wed Jul 2022 186.00 188.50 188.75 183.70 1.007 times
26 Tue Jul 2022 192.85 214.60 214.60 191.00 1.283 times
25 Mon Jul 2022 204.85 189.50 208.00 188.70 3.984 times
22 Fri Jul 2022 181.15 183.00 184.90 177.75 0.426 times
21 Thu Jul 2022 176.05 183.00 183.00 174.80 0.301 times
20 Wed Jul 2022 180.00 179.00 180.00 174.05 0.633 times
19 Tue Jul 2022 178.00 177.00 179.00 175.65 0.214 times
18 Mon Jul 2022 175.70 170.00 178.55 170.00 1.032 times
15 Fri Jul 2022 168.25 175.00 175.00 165.00 0.562 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 187.7, but if it comes below 187.7, then a intra day sell could be more profitable.
If you take a sell trade below 187.7, then use 187.7 as stoploss and 178.79 as target. However if you take a buy trade in stock , then use 187.7 as stoploss and 198.3 as target.

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 183.70
Downside Target 192.90
Upside Target 195.00
Upside Target 208.90
Upside Target 214.60
Upside Target 214.85
Upside Target 230.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 179.83
Downside Intraday Target 166.32
Upside Intraday Target 210.73
Upside Intraday Target 228.12
Upside Intraday Target 197.22

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
28 Thu Jul 2022 193.35 189.50 214.60 183.70 2.559 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
28 Thu Jul 2022 193.35 174.95 214.60 165.00 1.405 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 38, 13, 47 Buy
MACD 7, 4Buy
Stochastics 52None
CCI 64Buy
RSI 55Buy
OBV 13070Sell
VWAP 192Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 191.65 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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