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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)

10 day averaged volume of Magna Electr is 2054

Date Daily Closing Price Open High Low Volume
20 Mon Mar 2023 281.90 293.00 294.95 280.60 0.502 times
17 Fri Mar 2023 293.25 304.05 304.05 291.25 0.16 times
16 Thu Mar 2023 300.00 300.00 302.00 295.10 0.885 times
15 Wed Mar 2023 304.80 306.00 306.00 290.05 0.47 times
14 Tue Mar 2023 300.00 304.00 305.00 299.95 0.217 times
13 Mon Mar 2023 303.25 315.00 315.00 300.70 2.263 times
10 Fri Mar 2023 314.40 314.85 314.90 312.10 1.702 times
09 Thu Mar 2023 315.00 319.00 319.00 312.25 0.652 times
08 Wed Mar 2023 322.70 312.00 328.85 310.00 1.094 times
06 Mon Mar 2023 315.95 309.95 316.00 307.50 1.266 times

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 285.2, for a target of 295.8 or 304.63

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 280.60
Upside Target 290.00
Upside Target 307.50
Upside Target 314.90
Upside Target 328.85
Upside Target 334.25
Upside Target 341.85
Upside Target 355.05
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 276.68
Downside Intraday Target 271.47
Upside Intraday Target 291.03
Upside Intraday Target 300.17
Upside Intraday Target 285.82

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
20 Mon Mar 2023 281.90 293.00 294.95 280.60 0.126 times
17 Fri Mar 2023 293.25 315.00 315.00 290.05 0.847 times
10 Fri Mar 2023 314.40 309.95 328.85 307.50 0.974 times
03 Fri Mar 2023 309.05 305.10 314.90 292.10 2.219 times
24 Fri Feb 2023 308.80 315.00 315.00 297.00 0.296 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 Mon Mar 2023 281.90 296.55 328.85 280.60 0.573 times
28 Tue Feb 2023 296.55 341.85 341.85 290.00 1.283 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

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 12, 33, 48 Sell
MACD -20, -18Sell
Stochastics 12Sell
CCI -150Sell
RSI 44Sell
OBV -940Sell
VWAP 309Sell
ADL 0Sell
ROC -9Sell
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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 308.55 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

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