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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 2024-03-06 View latest technical analysis

10 day averaged volume of Magna Electr is 4701

Date Daily Closing Price Open High Low Volume
06 Wed Mar 2024 450.70 463.95 463.95 445.10 0.66 times
05 Tue Mar 2024 463.70 459.20 477.85 446.05 0.701 times
04 Mon Mar 2024 459.20 464.90 464.90 434.00 0.854 times
02 Sat Mar 2024 456.35 464.80 464.80 453.25 0.326 times
01 Fri Mar 2024 458.30 458.95 460.00 442.00 0.878 times
29 Thu Feb 2024 447.05 415.10 463.00 415.05 3.428 times
28 Wed Feb 2024 423.95 439.20 439.20 416.00 0.7 times
27 Tue Feb 2024 427.45 440.00 440.00 426.00 0.792 times
26 Mon Feb 2024 428.25 434.95 448.00 422.10 0.874 times
23 Fri Feb 2024 426.95 430.00 430.00 415.00 0.749 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 450.1, but if it comes below 450.1, then a intra day sell could be more profitable.
If you take a sell trade below 450.1, then use 450.1 as stoploss and 435.56 as target. However if you take a buy trade in stock , then use 450.1 as stoploss and 467.6 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 400.20
Downside Target 410.00
Downside Target 434.00
Upside Target 457.80
Upside Target 464.80
Upside Target 477.85
Upside Target 484.00
Upside Target 491.00
Upside Target 542.00
Upside Target 589.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 430.52
Downside Intraday Target 410.33
Upside Intraday Target 474.37
Upside Intraday Target 498.03
Upside Intraday Target 454.18

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
06 Wed Mar 2024 450.70 464.90 477.85 434.00 0.317 times
02 Sat Mar 2024 456.35 434.95 464.80 415.05 1.86 times
23 Fri Feb 2024 426.95 444.00 444.00 415.00 0.802 times
16 Fri Feb 2024 420.35 444.45 457.80 410.00 0.652 times
09 Fri Feb 2024 444.45 470.00 484.00 400.20 1.509 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
06 Wed Mar 2024 450.70 458.95 477.85 434.00 0.148 times
29 Thu Feb 2024 447.05 479.00 484.00 400.20 1.071 times
31 Wed Jan 2024 474.75 479.60 589.00 462.00 0.856 times
29 Fri Dec 2023 479.60 470.05 491.00 436.90 2.17 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short to mid 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.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Magna Electr stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Magna Electr in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magna Electr Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying is losing 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 444.46 and Magna Electr (MagnaElectr) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short to mid 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.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Magna Electr stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Magna Electr in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magna Electr Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying is losing 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 444.46 and Magna Electr (MagnaElectr) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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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