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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 2023-01-25 View latest technical analysis

10 day averaged volume of Magna Electr is 1513

Date Daily Closing Price Open High Low Volume
25 Wed Jan 2023 378.75 373.85 387.35 355.05 3.901 times
24 Tue Jan 2023 372.95 395.00 395.00 368.55 1.525 times
23 Mon Jan 2023 387.90 388.00 395.00 383.00 2.167 times
20 Fri Jan 2023 377.45 389.45 389.45 377.00 0.508 times
19 Thu Jan 2023 378.95 375.70 390.00 375.70 0.533 times
18 Wed Jan 2023 384.40 392.90 392.90 375.05 0.464 times
17 Tue Jan 2023 387.50 382.70 394.95 382.40 1.929 times
16 Mon Jan 2023 382.40 397.95 397.95 370.00 1.461 times
13 Fri Jan 2023 382.25 393.30 393.30 379.60 0.364 times
12 Thu Jan 2023 381.45 382.30 400.00 377.60 0.529 times

Stock of Magna Electr (MagnaElectr) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 377.5 as stoploss in an intra day buy trade for a target of 381.78. However, stock will show a bearish move below 377.5.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 300.00
Downside Target 320.40
Downside Target 334.25
Downside Target 351.00
Downside Target 370.00
Upside Target 393.40
Upside Target 393.75
Upside Target 395.00
Upside Target 397.95
Upside Target 400.00
Upside Target 426.00
Upside Target 436.55

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 357.53
Downside Intraday Target 336.32
Upside Intraday Target 397.48
Upside Intraday Target 416.22
Downside Intraday Target 376.27

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
25 Wed Jan 2023 378.75 388.00 395.00 355.05 1.551 times
20 Fri Jan 2023 377.45 397.95 397.95 370.00 1.583 times
13 Fri Jan 2023 382.25 399.00 400.00 372.10 0.566 times
06 Fri Jan 2023 381.90 389.00 393.75 375.10 0.824 times
30 Fri Dec 2022 379.95 351.00 393.40 351.00 0.569 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
25 Wed Jan 2023 378.75 389.00 400.00 355.05 0.499 times
30 Fri Dec 2022 379.95 426.00 426.00 334.25 0.668 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

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 10, 22, 37 Sell
MACD 2, 3Sell
Stochastics 42None
CCI -183Sell
RSI 48Sell
OBV 12484Sell
VWAP 382Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 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 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 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 Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 381.59 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 negative.

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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