Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

10 day averaged volume of Magna Electr is 1806

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	328.45	328.00	341.80	325.00	1.848 times
26 Fri May 2023	326.70	355.80	355.80	315.15	1.311 times
25 Thu May 2023	344.85	345.00	347.45	335.00	0.548 times
24 Wed May 2023	339.00	339.00	339.95	325.05	0.529 times
23 Tue May 2023	329.95	330.00	330.00	325.00	0.843 times
22 Mon May 2023	328.45	338.00	348.00	326.50	2.475 times
19 Fri May 2023	341.05	333.05	349.00	326.20	0.685 times
18 Thu May 2023	337.90	357.00	357.00	330.00	0.671 times
17 Wed May 2023	350.45	354.00	362.90	342.50	0.453 times
16 Tue May 2023	344.30	345.00	354.90	333.05	1.412 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 328.7, but if it comes above 328.7, then a intra day buy could be more profitable.
If you take a sell trade below 328.7, then use 328.7 as stoploss and 320.2 as target. However if you take a buy trade in stock , then use 328.7 as stoploss and 335.87 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type	Value
Downside Target	254.00
Downside Target	266.05
Downside Target	290.00
Downside Target	315.15
Upside Target	341.80
Upside Target	346.90
Upside Target	349.80
Upside Target	355.05
Upside Target	355.80
Upside Target	362.90
Upside Target	400.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type	Value
Downside Intraday Target	321.7
Downside Intraday Target	314.95
Upside Intraday Target	338.5
Upside Intraday Target	348.55
Upside Intraday Target	331.75

Weekly technical analysis of Magna Electr (MagnaElectr)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	328.45	328.00	341.80	325.00	0.324 times
26 Fri May 2023	326.70	338.00	355.80	315.15	1.329 times
19 Fri May 2023	341.05	330.00	362.90	326.20	1.107 times
12 Fri May 2023	344.65	344.90	349.80	320.05	0.711 times
05 Fri May 2023	336.05	344.95	344.95	325.00	0.69 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
29 Mon May 2023	328.45	344.95	362.90	315.15	1.05 times
28 Fri Apr 2023	325.55	288.00	346.90	266.05	0.577 times
31 Fri Mar 2023	278.10	296.55	328.85	254.00	1.354 times
28 Tue Feb 2023	296.55	341.85	341.85	290.00	1.283 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)

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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Magna Electr in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 334.1 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.