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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 2022-11-25 View latest technical analysis

10 day averaged volume of Magna Electr is 7934

Date Daily Closing Price Open High Low Volume
25 Fri Nov 2022 415.20 424.00 424.00 410.00 0.105 times
24 Thu Nov 2022 424.50 425.85 436.00 413.00 0.513 times
23 Wed Nov 2022 419.85 414.00 426.90 401.00 0.442 times
22 Tue Nov 2022 409.55 398.20 415.00 391.00 0.444 times
21 Mon Nov 2022 398.20 413.95 413.95 393.30 0.471 times
18 Fri Nov 2022 414.00 390.60 420.00 390.60 0.254 times
17 Thu Nov 2022 410.00 420.00 428.00 410.00 0.651 times
16 Wed Nov 2022 412.60 412.50 436.55 395.05 5.176 times
15 Tue Nov 2022 415.80 415.80 415.80 415.80 1.117 times
14 Mon Nov 2022 396.00 396.00 396.00 396.00 0.403 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 413.7, but if it comes below 413.7, then a intra day sell could be more profitable.
If you take a sell trade below 413.7, then use 413.7 as stoploss and 375.97 as target. However if you take a buy trade in stock , then use 413.7 as stoploss and 458.9 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 436.00
Upside Target 436.55

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 392.13
Downside Intraday Target 369.07
Upside Intraday Target 437.13
Upside Intraday Target 459.07
Downside Intraday Target 414.07

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
25 Fri Nov 2022 415.20 413.95 436.00 391.00 0.26 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 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
25 Fri Nov 2022 415.20 326.15 436.55 320.40 2.62 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 25, 12, 38 Buy
MACD 43, 40Buy
Stochastics 71Buy
CCI 48Sell
RSI 56Buy
OBV -8307Sell
VWAP 412Buy
ADL 0Sell
ROC 10Buy
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 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 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 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.

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 coming down

CCI has generated a SELL signal for Magna Electr in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 412.29 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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