MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis
TSX:MG - Toronto Stock Exchange - CA5592224011 - Common Stock - Currency: CAD
Taking everything into account, MG scores 0 out of 10 in our technical rating. MG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MG is a bad performer in the overall market: 85% of all stocks are doing better.
MG is one of the lesser performing stocks in the Automobile Components industry. 100% of 4 stocks in the same industry do better.
MG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
MG has an average volume of 1590020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MG has a been trading in the 48.22 - 57.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
52.15
61.79
When analyzing the support we notice one important area.
- A support zone ranging from 52.68 to 53.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 56.52 to 56.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 59.68 to 60.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @61.18 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.88
Mansfield-1.22
10 Day High55.33
10 Day Low48.22
20 Day High57.3
20 Day Low48.22
52 Week High75.93
52 Week Low48.22
Performance
1 Week3.72%
2 Weeks0.96%
1 Month-0.62%
3 Month-14.74%
6 Month2.36%
12 Month-25.7%
2 Year-24.51%
3 Year-31.91%
5 Year21.69%
10 Year-19.29%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)49.88
LBB50.54
UBB56.53
TSX:MG (3/7/2025, 7:00:00 PM)
54.65
+1.16 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg2.17%
1 Week3.72%
2 Weeks0.96%
1 Month-0.62%
3 Month-14.74%
6 Month2.36%
12 Month-25.7%
2 Year-24.51%
3 Year-31.91%
5 Year21.69%
10 Year-19.29%
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%3.16%
ATR Inc-12.97%
Range Today1.86
ADR(20)1.6
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.88
Mansfield-1.22
10 Day High55.33
10 Day Low48.22
20 Day High57.3
20 Day Low48.22
52 Week High75.93
52 Week Low48.22
CS1 End53.21
CR1 Start56.52
Volume & EV
DER(3)5.56%
DER(5)2.65%
Volume1.20M
Volume Incr23.24%
Vol(5)2.77M
Vol(50)1.59M