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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 2022-12-05 View latest technical analysis

10 day averaged volume of Magna Electr is 2951

Date Daily Closing Price Open High Low Volume
05 Mon Dec 2022 397.00 389.00 408.95 389.00 0.983 times
02 Fri Dec 2022 394.40 410.00 419.80 390.00 1.222 times
01 Thu Dec 2022 404.90 426.00 426.00 393.30 1.901 times
30 Wed Nov 2022 414.00 416.00 422.30 406.10 0.775 times
29 Tue Nov 2022 416.00 420.00 429.00 405.00 0.164 times
28 Mon Nov 2022 414.50 401.00 429.00 400.00 0.631 times
25 Fri Nov 2022 415.20 424.00 424.00 410.00 0.281 times
24 Thu Nov 2022 424.50 425.85 436.00 413.00 1.379 times
23 Wed Nov 2022 419.85 414.00 426.90 401.00 1.188 times
22 Tue Nov 2022 409.55 398.20 415.00 391.00 1.194 times

My analysis of stock is bearish for shortterm, and stock might move down till 371.8 or till 340.4. Use a stoploss of 398.04 and if the stock hits stoploss, then it can shoot up till 424.24

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 186.85
Downside Target 300.00
Downside Target 320.40
Downside Target 353.40
Downside Target 370.00
Downside Target 389.00
Upside Target 399.55
Upside Target 408.95
Upside Target 426.00
Upside Target 429.00
Upside Target 436.00
Upside Target 436.55

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 387.68
Downside Intraday Target 378.37
Upside Intraday Target 407.63
Upside Intraday Target 418.27
Upside Intraday Target 398.32

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
05 Mon Dec 2022 397.00 389.00 408.95 389.00 0.21 times
02 Fri Dec 2022 394.40 401.00 429.00 390.00 0.884 times
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

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
05 Mon Dec 2022 397.00 426.00 426.00 389.00 0.127 times
30 Wed Nov 2022 414.00 326.15 436.55 320.40 2.754 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

Scroll below to view daily charts

Price has moved down 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 12, 14, 8 Sell
MACD 31, 37Sell
Stochastics 19Sell
CCI -133Sell
RSI 54Buy
OBV -25077Sell
VWAP 410Sell
ADL 0Sell
ROC -0Sell
Force Index 0Sell

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term but buying is losing 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 409.79 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 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.

Click here for Magna Electr charts

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Daily charts

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Daily chart

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