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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 2023-09-20 View latest technical analysis

10 day averaged volume of Magna Electr is 1761

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	501.40	510.00	510.00	501.40	0.966 times
18 Mon Sep 2023	511.60	511.60	532.00	511.60	0.694 times
15 Fri Sep 2023	522.00	520.00	522.00	520.00	0.38 times
14 Thu Sep 2023	520.00	511.00	520.00	511.00	1.284 times
13 Wed Sep 2023	514.50	514.50	514.50	514.50	0.573 times
12 Tue Sep 2023	525.00	525.00	527.00	525.00	1.404 times
11 Mon Sep 2023	523.45	542.00	542.00	523.45	1.913 times
08 Fri Sep 2023	534.10	545.00	545.00	534.10	1.174 times
07 Thu Sep 2023	545.00	547.00	547.00	541.00	1.041 times
06 Wed Sep 2023	541.00	545.00	546.00	541.00	0.552 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 506.7, but if it comes above 506.7, then a intra day buy could be more profitable.
If you take a sell trade below 506.7, then use 506.7 as stoploss and 480.5 as target. However if you take a buy trade in stock , then use 506.7 as stoploss and 528.64 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type	Value
Downside Target	310.00
Downside Target	349.30
Downside Target	362.90
Downside Target	429.10
Downside Target	501.40
Upside Target	532.00
Upside Target	539.55
Upside Target	542.00
Upside Target	555.00
Upside Target	566.50
Upside Target	593.85

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type	Value
Downside Intraday Target	491.2
Downside Intraday Target	481
Upside Intraday Target	521.8
Upside Intraday Target	542.2
Upside Intraday Target	511.6

Weekly technical analysis of Magna Electr (MagnaElectr)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	501.40	511.60	532.00	501.40	0.299 times
15 Fri Sep 2023	522.00	542.00	542.00	511.00	0.958 times
08 Fri Sep 2023	534.10	555.00	555.00	534.10	0.277 times
01 Fri Sep 2023	546.00	539.55	566.50	539.55	1.62 times
25 Fri Aug 2023	513.90	451.20	513.90	429.10	1.522 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
20 Wed Sep 2023	501.40	544.10	555.00	501.40	0.265 times
31 Thu Aug 2023	544.10	532.15	566.50	429.10	0.306 times
31 Mon Jul 2023	506.85	368.85	593.85	349.30	3.471 times
30 Fri Jun 2023	360.00	333.90	369.10	316.00	1.85 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)

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 in or below the green 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 but selling is losing 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 524.17 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.