MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
NYSE:MGA - New York Stock Exchange, Inc. - CA5592224011 - Common Stock - Currency: USD
Overall MGA gets a technical rating of 0 out of 10. MGA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MGA is a bad performer in the overall market: 80% of all stocks are doing better.
MGA is one of the lesser performing stocks in the Automobile Components industry. 70% of 81 stocks in the same industry do better.
MGA 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.
In the last month MGA has a been trading in the 30.39 - 34.96 range, which is quite wide. It is currently trading near the high of this range.
MGA has an average volume of 2109550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MGA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.07. Right above this resistance zone may be a good entry point.
More info and screens
33.72
46.28
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 34.07 to 34.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.37 to 35.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.21 from a horizontal line in the daily time frame.
- Resistance @39.66 from a trend line in the weekly time frame.
- Resistance @42.70 from a horizontal line in the daily time frame.
- Resistance @44.45 from a horizontal line in the weekly time frame.
- Resistance @45.82 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.06
Mansfield-1.5
10 Day High34.36
10 Day Low31.47
20 Day High34.96
20 Day Low30.39
52 Week High49.78
52 Week Low30.39
Performance
1 Week5.61%
2 Weeks6.01%
1 Month-2.6%
3 Month-17.27%
6 Month-18.87%
12 Month-30.66%
2 Year-34.7%
3 Year-43.49%
5 Year-12.73%
10 Year-32.46%
15 Year107.49%
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)0.35
RSI(14)51.03
LBB30.83
UBB34.39
34.06
+0.02 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.06%
1 Week5.61%
2 Weeks6.01%
1 Month-2.6%
3 Month-17.27%
6 Month-18.87%
12 Month-30.66%
2 Year-34.7%
3 Year-43.49%
5 Year-12.73%
10 Year-32.46%
15 Year107.49%
Volatility
ATR(14)1.38
ATR(20)%4.04%
ATR Inc-60.93%
Range Today0.41
ADR(20)1.25
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.06
Mansfield-1.5
10 Day High34.36
10 Day Low31.47
20 Day High34.96
20 Day Low30.39
52 Week High49.78
52 Week Low30.39
CS1 EndN/A
CR1 Start34.07
Volume & EV
DER(3)0.65%
DER(5)1.3%
Volume1.38M
Volume Incr41.53%
Vol(5)2.80M
Vol(50)2.11M