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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 2022-08-02 View latest technical analysis

10 day averaged volume of Magna Electr is 3326

Date Daily Closing Price Open High Low Volume
02 Tue Aug 2022 193.35 193.35 193.35 193.35 0.003 times
01 Mon Aug 2022 193.35 186.85 195.00 186.85 0.59 times
29 Fri Jul 2022 190.60 190.05 195.95 186.00 0.361 times
28 Thu Jul 2022 193.35 196.90 196.90 186.05 0.432 times
27 Wed Jul 2022 186.00 188.50 188.75 183.70 1.105 times
26 Tue Jul 2022 192.85 214.60 214.60 191.00 1.409 times
25 Mon Jul 2022 204.85 189.50 208.00 188.70 4.375 times
22 Fri Jul 2022 181.15 183.00 184.90 177.75 0.467 times
21 Thu Jul 2022 176.05 183.00 183.00 174.80 0.33 times
20 Wed Jul 2022 180.00 179.00 180.00 174.05 0.695 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 191.4, but if it comes below 191.4, then a intra day sell could be more profitable.
If you take a sell trade below 191.4, then use 191.4 as stoploss and 181.76 as target. However if you take a buy trade in stock , then use 191.4 as stoploss and 202.9 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 150.95
Downside Target 165.00
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

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 188.47
Downside Intraday Target 183.58
Upside Intraday Target 196.62
Upside Intraday Target 199.88
Downside Intraday Target 191.73

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
02 Tue Aug 2022 193.35 186.85 195.00 186.85 0.077 times
29 Fri Jul 2022 190.60 189.50 214.60 183.70 2.685 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

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
02 Tue Aug 2022 193.35 186.85 195.00 186.85 0.048 times
29 Fri Jul 2022 190.60 174.95 214.60 165.00 1.447 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

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 31, 11, 47 Buy
MACD 8, 6Buy
Stochastics 47None
CCI 42Buy
RSI 54Buy
OBV 14840Sell
VWAP 195Sell
ADL 0Sell
ROC 9Buy
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 losing 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 but buying 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 195.38 and Magna Electr (MagnaElectr) stock is trading below this level. This means that stock is falling with high volumes. 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

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Daily charts

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Daily chart

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