(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 2023-02-01 View latest technical analysis
10 day averaged volume of Magna Electr is 2123
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 341.85 | 341.85 | 341.85 | 341.85 | 0.607 times |
| 31 Tue Jan 2023 | 359.80 | 376.00 | 385.00 | 359.80 | 1.519 times |
| 30 Mon Jan 2023 | 378.70 | 380.00 | 380.00 | 372.00 | 0.13 times |
| 27 Fri Jan 2023 | 373.20 | 385.00 | 385.00 | 364.00 | 0.492 times |
| 25 Wed Jan 2023 | 378.75 | 373.85 | 387.35 | 355.05 | 2.78 times |
| 24 Tue Jan 2023 | 372.95 | 395.00 | 395.00 | 368.55 | 1.087 times |
| 23 Mon Jan 2023 | 387.90 | 388.00 | 395.00 | 383.00 | 1.544 times |
| 20 Fri Jan 2023 | 377.45 | 389.45 | 389.45 | 377.00 | 0.362 times |
| 19 Thu Jan 2023 | 378.95 | 375.70 | 390.00 | 375.70 | 0.38 times |
| 18 Wed Jan 2023 | 384.40 | 392.90 | 392.90 | 375.05 | 0.331 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 355.2, for a target of 367.7 or 378.12
Share price targets for Magna Electr (MagnaElectr)
| Target Type | Value |
| Downside Target | 301.10 |
| Downside Target | 320.40 |
| Downside Target | 334.25 |
| Downside Target | 341.85 |
| Upside Target | 353.40 |
| Upside Target | 370.00 |
| Upside Target | 385.00 |
| 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 | 327.47 |
| Downside Intraday Target | 313.08 |
| Upside Intraday Target | 370.62 |
| Upside Intraday Target | 399.38 |
| Upside Intraday Target | 356.23 |
Weekly technical analysis of Magna Electr (MagnaElectr)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 341.85 | 380.00 | 385.00 | 341.85 | 0.382 times |
| 27 Fri Jan 2023 | 373.20 | 388.00 | 395.00 | 355.05 | 1.692 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 |
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 |
| 01 Wed Feb 2023 | 341.85 | 341.85 | 341.85 | 341.85 | 0.035 times |
| 31 Tue Jan 2023 | 359.80 | 389.00 | 400.00 | 355.05 | 0.57 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 |
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 | 7, 30, 63 | Sell |
| MACD | -7, -1 | Sell |
| Stochastics | 22 | Sell |
| CCI | -263 | Sell |
| RSI | 42 | Sell |
| OBV | 1914 | Sell |
| VWAP | 374 | Sell |
| ADL | 0 | Sell |
| ROC | -12 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Magna Electr in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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 373.92 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.
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