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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 2023-09-27 View latest technical analysis

10 day averaged volume of Magna Electr is 1639

Date Daily Closing Price Open High Low Volume
27 Wed Sep 2023 491.00 491.00 491.00 484.00 0.538 times
26 Tue Sep 2023 481.40 462.60 481.40 462.60 1.278 times
25 Mon Sep 2023 472.00 472.00 472.00 472.00 1.195 times
22 Fri Sep 2023 481.60 481.60 481.60 481.60 1.113 times
21 Thu Sep 2023 491.40 495.00 495.00 491.40 0.717 times
20 Wed Sep 2023 501.40 510.00 510.00 501.40 1.038 times
18 Mon Sep 2023 511.60 511.60 532.00 511.60 0.746 times
15 Fri Sep 2023 522.00 520.00 522.00 520.00 0.409 times
14 Thu Sep 2023 520.00 511.00 520.00 511.00 1.38 times
13 Wed Sep 2023 514.50 514.50 514.50 514.50 0.616 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 494.5, but if it comes above 494.5, then a intra day buy could be more profitable.
If you take a sell trade below 494.5, then use 494.5 as stoploss and 464 as target. However if you take a buy trade in stock , then use 494.5 as stoploss and 519.99 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 462.60
Downside Target 481.60
Upside Target 511.00
Upside Target 532.00
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 472.07
Downside Intraday Target 453.13
Upside Intraday Target 500.47
Upside Intraday Target 509.93
Downside Intraday Target 481.53

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
27 Wed Sep 2023 491.00 472.00 491.00 462.60 0.833 times
22 Fri Sep 2023 481.60 511.60 532.00 481.60 0.605 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

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
27 Wed Sep 2023 491.00 544.10 555.00 462.60 0.341 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Magna Electr stock for short term is SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magna Electr in short term but BUY signal is weak.

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 496.34 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.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Magna Electr stock for short term is SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magna Electr in short term but BUY signal is weak.

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 496.34 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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