Login or Join
Learn then Earn

(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 4376

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 446.10 464.95 464.95 431.55 2.026 times
16 Thu May 2024 461.20 460.20 462.00 454.05 0.684 times
15 Wed May 2024 457.35 455.00 460.15 443.00 1.064 times
14 Tue May 2024 454.65 470.00 470.00 450.00 1.214 times
13 Mon May 2024 445.10 444.00 458.90 441.00 0.273 times

Stock of Magna Electr (MagnaElectr) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 449.8, but if it comes above 449.8, then a intra day buy could be more profitable.
If you take a sell trade below 449.8, then use 449.8 as stoploss and 434.2 as target. However if you take a buy trade in stock , then use 449.8 as stoploss and 462.87 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 388.00
Downside Target 400.20
Downside Target 431.00
Upside Target 462.00
Upside Target 477.90
Upside Target 478.00
Upside Target 479.85
Upside Target 480.00
Upside Target 484.00
Upside Target 504.80
Upside Target 589.00

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 428.43
Downside Intraday Target 410.77
Upside Intraday Target 466.88
Upside Intraday Target 487.67
Upside Intraday Target 449.22

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 446.10 444.00 470.00 431.55 1.11 times
10 Fri May 2024 451.20 455.00 477.90 437.10 1.786 times
03 Fri May 2024 453.20 475.00 480.00 445.15 0.881 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

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
17 Fri May 2024 446.10 468.35 478.00 431.55 0.726 times
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

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 18, 26, 17 Sell
MACD -1, 1Sell
Stochastics 47None
CCI -87Sell
RSI 48Sell
OBV 12268Sell
VWAP 454Sell
ADL 0Sell
ROC -2Sell
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 SELL. Signal strength is Weak 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 getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 454.27 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

Learn then Earn
Back to top | Use Dark Theme