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(Magenta) Magenta complete technical analysis [charts+indicators] | Buy/Sell Magenta | (Magenta) share price targets

Complete technical analysis of Magenta (Magenta) by charts plus indicators, forecast predictions and share price targets for Magenta (Magenta)

Showing technical analysis as on 2024-11-05 View latest technical analysis

10 day averaged volume of Magenta is 12000

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	32.00	31.95	32.00	31.95	2 times
31 Thu Oct 2024	30.48	29.95	30.48	29.95	1.667 times
30 Wed Oct 2024	28.50	28.50	28.50	28.50	0.333 times
29 Tue Oct 2024	28.50	28.50	28.50	28.50	0.333 times
28 Mon Oct 2024	28.50	28.50	28.50	28.50	0.333 times
23 Wed Oct 2024	29.50	29.50	29.50	29.50	0.667 times
18 Fri Oct 2024	29.50	29.50	29.50	29.50	0.333 times
03 Thu Oct 2024	28.70	30.10	30.10	28.51	1.333 times
27 Fri Sep 2024	31.20	31.20	31.20	31.20	0.333 times
26 Thu Sep 2024	31.20	34.85	34.85	31.20	2.333 times

Stock of Magenta (Magenta) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31.2, but if it comes below 31.2, then a intra day sell could be more profitable.
If you take a sell trade below 31.2, then use 31.2 as stoploss and 30.11 as target. However if you take a buy trade in stock , then use 31.2 as stoploss and 32.6 as target.

Share price targets for Magenta (Magenta)

Target Type	Value
Downside Target	28.50
Downside Target	29.50
Downside Target	30.10
Downside Target	31.95
Downside Target	32.00
Upside Target	32.34
Upside Target	34.85
Upside Target	36.85
Upside Target	38.88
Upside Target	45.89

Intraday share price targets for Magenta (Magenta)

Target Type	Value
Downside Intraday Target	31.97
Downside Intraday Target	31.93
Upside Intraday Target	32.02
Upside Intraday Target	32.03
Downside Intraday Target	31.98

Weekly technical analysis of Magenta (Magenta)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	32.00	31.95	32.00	31.95	0.75 times
31 Thu Oct 2024	30.48	28.50	30.48	28.50	4 times
23 Wed Oct 2024	29.50	29.50	29.50	29.50	0.4 times
18 Fri Oct 2024	29.50	30.10	30.10	28.51	0.25 times
27 Fri Sep 2024	31.20	29.60	34.85	28.50	2.222 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 Magenta (Magenta)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	32.00	31.95	32.00	31.95	0.4 times
31 Thu Oct 2024	30.48	30.10	30.48	28.50	0.254 times
27 Fri Sep 2024	31.20	32.70	34.85	28.50	0.608 times
30 Fri Aug 2024	32.68	37.16	38.88	32.34	0.299 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 Magenta (Magenta)

Price action analysis of Magenta ( (Magenta) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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

Price action analysis of Magenta ( (Magenta) ) 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 Magenta stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magenta 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.

Magenta 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magenta in short term and BUY 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

Stock of Magenta is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 30.44 and Magenta (Magenta) 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 Magenta (Magenta) stock. Volume based technical analysis of Magenta (Magenta) stock is negative.

Magenta 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.