Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2023-02-03 View latest technical analysis

10 day averaged volume of Magna Electr is 2166

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 314.60 309.00 332.95 308.60 3.262 times
02 Thu Feb 2023 324.80 324.80 324.80 324.80 1.277 times
01 Wed Feb 2023 341.85 341.85 341.85 341.85 0.595 times
31 Tue Jan 2023 359.80 376.00 385.00 359.80 1.488 times
30 Mon Jan 2023 378.70 380.00 380.00 372.00 0.127 times
27 Fri Jan 2023 373.20 385.00 385.00 364.00 0.482 times
25 Wed Jan 2023 378.75 373.85 387.35 355.05 2.725 times
24 Tue Jan 2023 372.95 395.00 395.00 368.55 1.065 times
23 Mon Jan 2023 387.90 388.00 395.00 383.00 1.513 times
20 Fri Jan 2023 377.45 389.45 389.45 377.00 0.355 times

Stock of Magna Electr (MagnaElectr) has showed a significant fall. This could be a good time to exit from this stock.

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 327.4, for a target of 351.7 or 371.93

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 301.10
Downside Target 308.60
Upside Target 320.40
Upside Target 334.25
Upside Target 341.85
Upside Target 353.40
Upside Target 370.00
Upside Target 385.00
Upside Target 393.75
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 287.13
Downside Intraday Target 259.67
Upside Intraday Target 363.53
Upside Intraday Target 412.47
Upside Intraday Target 336.07

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 314.60 380.00 385.00 308.60 1.167 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
03 Fri Feb 2023 314.60 341.85 341.85 308.60 0.306 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 5, 40, 76 Sell
MACD -18, -7Sell
Stochastics 2Sell
CCI -143Sell
RSI 40Sell
OBV -5209Sell
VWAP 354Sell
ADL 0Sell
ROC -17Sell
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 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

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 353.63 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme