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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 2586

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 468.35 474.90 479.00 465.10 0.498 times
29 Mon Apr 2024 468.15 475.00 480.00 466.60 0.667 times
26 Fri Apr 2024 474.80 484.45 485.00 471.25 0.595 times
25 Thu Apr 2024 480.65 481.00 484.95 472.75 0.821 times
24 Wed Apr 2024 478.70 489.85 489.85 478.00 0.474 times

My analysis of stock is bullish for shortterm, and stock might move up till 478.2 or till 492.4. Use a stoploss of 466.29 and if this stock hits its stoploss, then it can fall down till 454.42

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 388.00
Downside Target 400.20
Downside Target 431.00
Downside Target 462.00
Upside Target 479.85
Upside Target 480.00
Upside Target 484.00
Upside Target 491.00
Upside Target 494.00
Upside Target 504.80
Upside Target 589.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 462.3
Downside Intraday Target 456.25
Upside Intraday Target 477.2
Upside Intraday Target 486.05
Upside Intraday Target 471.15

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 468.35 475.00 480.00 465.10 0.229 times
26 Fri Apr 2024 474.80 488.95 504.80 469.95 0.476 times
19 Fri Apr 2024 457.00 448.05 468.90 446.55 2.183 times
12 Fri Apr 2024 476.05 463.00 494.00 445.40 0.811 times
05 Fri Apr 2024 463.00 437.90 465.00 431.00 1.361 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
30 Tue Apr 2024 468.35 437.90 504.80 431.00 0.947 times
28 Thu Mar 2024 431.10 458.95 479.85 388.00 0.704 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 22, 12, 29 Buy
MACD 14, 14Sell
Stochastics 41None
CCI -12Sell
RSI 57Buy
OBV 9093Sell
VWAP 474Sell
ADL 0Sell
ROC 3Buy
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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

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

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 getting stronger in this stock.

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 SELL signal for Magna Electr in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Magna Electr is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 474.13 and Magna Electr (MagnaElectr) stock is trading below this level. This means that stock is falling with high volumes. 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.

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