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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 2024-03-20 View latest technical analysis

10 day averaged volume of Magna Electr is 4788

Date Daily Closing Price Open High Low Volume
20 Wed Mar 2024 421.35 429.00 434.90 415.00 0.4 times
19 Tue Mar 2024 429.00 425.55 440.00 425.55 0.413 times
18 Mon Mar 2024 426.00 429.95 429.95 406.00 2.984 times
15 Fri Mar 2024 406.50 407.00 426.60 401.00 0.249 times
14 Thu Mar 2024 404.05 395.00 428.40 388.00 0.827 times
13 Wed Mar 2024 402.45 444.10 444.10 391.55 2.543 times
12 Tue Mar 2024 435.35 479.85 479.85 425.15 0.86 times
11 Mon Mar 2024 450.20 458.00 460.00 448.05 0.623 times
07 Thu Mar 2024 448.15 458.80 458.80 448.00 0.165 times
06 Wed Mar 2024 450.70 463.95 463.95 445.10 0.648 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 415.5 as stoploss in an intra day buy trade for a target of 434.12. However, stock will show a bearish move below 415.5.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 388.00
Downside Target 400.20
Downside Target 415.00
Upside Target 434.00
Upside Target 462.00
Upside Target 477.85
Upside Target 479.85
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 404.9
Downside Intraday Target 388.45
Upside Intraday Target 438.9
Upside Intraday Target 456.45
Upside Intraday Target 422.45

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
20 Wed Mar 2024 421.35 429.95 440.00 406.00 0.744 times
15 Fri Mar 2024 406.50 458.00 479.85 388.00 2.18 times
07 Thu Mar 2024 448.15 464.90 477.85 434.00 0.341 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

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
20 Wed Mar 2024 421.35 458.95 479.85 388.00 0.549 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 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 neutral. A longer time frame might give a better analysis.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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

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 421.81 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 neutral. A longer time frame might give a better analysis.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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

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 421.81 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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