MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
NYSE:MGA - New York Stock Exchange, Inc. - CA5592224011 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MGA. MGA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MGA is a bad performer in the overall market: 85% of all stocks are doing better.
MGA is part of the Automobile Components industry. There are 83 other stocks in this industry, of which 84% are performing better than MGA.
MGA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGA has a been trading in the 38.97 - 42.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MGA has an average volume of 1477040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, MGA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 40.96, a Stop Loss order could be placed below this zone.
More info and screens
38.40
46.93
2 important support areas can be observed.
- A support zone ranging from 39.47 to 40.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 38.79 to 38.80. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 42.70 to 43.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.45 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 45.30 to 46.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.75
Mansfield-1.73
10 Day High41.69
10 Day Low39.96
20 Day High42.66
20 Day Low38.97
52 Week High59.37
52 Week Low38.01
Performance
1 Week0.69%
2 Weeks1.63%
1 Month-3.14%
3 Month-2.1%
6 Month1.63%
12 Month-27.94%
2 Year-36.73%
3 Year-49.03%
5 Year-18.94%
10 Year-14.41%
15 Year198.46%
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)0.17
RSI(14)47.11
LBB39.48
UBB41.85
MAGNA INTERNATIONAL INC
NYSE:MGA (1/28/2025, 8:04:00 PM)
After market: 41.09 0 (0%)41.09
-0.47 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.13%
1 Week0.69%
2 Weeks1.63%
1 Month-3.14%
3 Month-2.1%
6 Month1.63%
12 Month-27.94%
2 Year-36.73%
3 Year-49.03%
5 Year-18.94%
10 Year-14.41%
15 Year198.46%
Volatility
ATR(14)1
ATR(20)%2.39%
ATR Inc-34.66%
Range Today0.68
ADR(20)0.84
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.75
Mansfield-1.73
10 Day High41.69
10 Day Low39.96
20 Day High42.66
20 Day Low38.97
52 Week High59.37
52 Week Low38.01
CS1 End40.96
CR1 Start42.7
Volume & EV
DER(3)-1.75%
DER(5)-0.36%
Volume1.05M
Volume Incr43.86%
Vol(5)1.54M
Vol(50)1.48M