(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 2022-11-22 View latest technical analysis
10 day averaged volume of Magna Electr is 7502
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Tue Nov 2022 | 409.55 | 398.20 | 415.00 | 391.00 | 0.47 times |
| 21 Mon Nov 2022 | 398.20 | 413.95 | 413.95 | 393.30 | 0.498 times |
| 18 Fri Nov 2022 | 414.00 | 390.60 | 420.00 | 390.60 | 0.269 times |
| 17 Thu Nov 2022 | 410.00 | 420.00 | 428.00 | 410.00 | 0.688 times |
| 16 Wed Nov 2022 | 412.60 | 412.50 | 436.55 | 395.05 | 5.474 times |
| 15 Tue Nov 2022 | 415.80 | 415.80 | 415.80 | 415.80 | 1.181 times |
| 14 Mon Nov 2022 | 396.00 | 396.00 | 396.00 | 396.00 | 0.427 times |
| 11 Fri Nov 2022 | 377.15 | 377.15 | 377.15 | 377.15 | 0.561 times |
| 10 Thu Nov 2022 | 359.20 | 359.20 | 359.20 | 359.20 | 0.552 times |
| 09 Wed Nov 2022 | 342.10 | 330.50 | 342.10 | 325.00 | 0.249 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 398.1, but if it comes below 398.1, then a intra day sell could be more profitable.
If you take a sell trade below 398.1, then use 398.1 as stoploss and 362.86 as target. However if you take a buy trade in stock , then use 398.1 as stoploss and 440.4 as target.
Share price targets for Magna Electr (MagnaElectr)
| Target Type | Value |
| Downside Target | 165.00 |
| Downside Target | 186.85 |
| Downside Target | 214.60 |
| Downside Target | 300.00 |
| Downside Target | 320.00 |
| Downside Target | 338.00 |
| Downside Target | 353.40 |
| Downside Target | 370.00 |
| Downside Target | 390.60 |
| Downside Target | 391.00 |
| Downside Target | 399.55 |
| Upside Target | 415.00 |
| Upside Target | 436.55 |
Intraday share price targets for Magna Electr (MagnaElectr)
| Target Type | Value |
| Downside Intraday Target | 395.37 |
| Downside Intraday Target | 381.18 |
| Upside Intraday Target | 419.37 |
| Upside Intraday Target | 429.18 |
| Downside Intraday Target | 405.18 |
Weekly technical analysis of Magna Electr (MagnaElectr)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Tue Nov 2022 | 409.55 | 413.95 | 415.00 | 391.00 | 0.12 times |
| 18 Fri Nov 2022 | 414.00 | 396.00 | 436.55 | 390.60 | 5.492 times |
| 11 Fri Nov 2022 | 377.15 | 320.40 | 377.15 | 320.40 | 1.514 times |
| 04 Fri Nov 2022 | 322.40 | 341.95 | 343.50 | 321.30 | 1.252 times |
| 28 Fri Oct 2022 | 333.40 | 336.00 | 338.00 | 320.00 | 1.053 times |
Price has moved down 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 |
| 22 Tue Nov 2022 | 409.55 | 326.15 | 436.55 | 320.40 | 2.378 times |
| 31 Mon Oct 2022 | 338.00 | 330.00 | 353.40 | 301.10 | 0.291 times |
| 30 Fri Sep 2022 | 318.95 | 370.00 | 370.00 | 300.00 | 0.266 times |
| 30 Tue Aug 2022 | 362.50 | 186.85 | 399.55 | 186.85 | 10.813 times |
Scroll below to view daily charts
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Magna Electr (MagnaElectr)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 14, 25 | Buy |
| MACD | 41, 34 | Buy |
| Stochastics | 74 | Buy |
| CCI | 38 | Buy |
| RSI | 59 | Buy |
| OBV | -11378 | Sell |
| VWAP | 405 | Buy |
| ADL | 0 | Sell |
| ROC | 26 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 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 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 negative zone. This is the SELL 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 404.86 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