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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 18849

Date Daily Closing Price Open High Low Volume
18 Fri Jun 2021 180.15 184.00 184.00 176.50 0.818 times
17 Thu Jun 2021 181.65 185.45 185.45 180.90 0.373 times
16 Wed Jun 2021 183.45 186.95 186.95 170.00 1.75 times
15 Tue Jun 2021 181.25 186.95 187.00 179.00 0.845 times
14 Mon Jun 2021 183.35 172.90 188.00 172.90 4.855 times
11 Fri Jun 2021 156.70 154.00 157.45 152.65 0.525 times
10 Thu Jun 2021 155.55 158.75 161.30 153.50 0.49 times
09 Wed Jun 2021 152.30 156.00 159.00 151.00 0.543 times
08 Tue Jun 2021 156.05 159.00 159.00 155.00 0.274 times
07 Mon Jun 2021 157.05 159.45 159.45 154.05 0.168 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 173.9, but if it comes below 173.9, then a intra day sell could be more profitable.
If you take a sell trade below 173.9, then use 173.9 as stoploss and 162.63 as target. However if you take a buy trade in stock , then use 173.9 as stoploss and 187.5 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 139.00
Downside Target 147.05
Downside Target 150.00
Downside Target 159.00
Downside Target 163.70
Downside Target 165.95
Downside Target 170.00
Downside Target 179.00
Upside Target 188.00
Upside Target 199.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 170.77
Downside Intraday Target 161.38
Upside Intraday Target 188.77
Upside Intraday Target 197.38
Downside Intraday Target 179.38

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
18 Fri Jun 2021 180.15 172.90 188.00 170.00 4.319 times
11 Fri Jun 2021 156.70 159.45 161.30 151.00 1.583 times
04 Fri Jun 2021 155.70 158.95 159.75 150.00 1.716 times
28 Fri May 2021 156.15 160.75 163.70 155.05 0.574 times
21 Fri May 2021 160.75 155.00 162.85 152.55 2.356 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magna Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
18 Fri Jun 2021 180.15 157.00 188.00 150.00 3.822 times
31 Mon May 2021 156.75 162.00 165.95 152.00 2.072 times
30 Fri Apr 2021 161.75 170.95 179.00 147.05 0.508 times
31 Wed Mar 2021 171.65 174.75 199.00 159.00 1.8 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Magna Electr (MagnaElectr)

Indicator Name Indicator Value Indicator Signal
ADX 28, 20, 16 Buy
MACD 9, 5Buy
Stochastics 83Buy
CCI 61Sell
RSI 67Buy
OBV 89138Sell
VWAP 178Buy
ADL 0Sell
ROC 16Buy
Force Index 0Sell

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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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 and the buying is gaining 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 177.59 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 positive

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

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