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: 87% of all stocks are doing better.
MGA is one of the lesser performing stocks in the Automobile Components industry. 69% of 43 stocks in the same industry do better.
MGA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MGA is lagging the market.
In the last month MGA has a been trading in the 35.05 - 40.26 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MGA has an average volume of 1636110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MGA is bad and it also does not present a quality setup 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
33.65
46.28
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 37.67 to 39.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.63 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
CRS13.86
Mansfield-2.22
10 Day High39.07
10 Day Low35.06
20 Day High40.26
20 Day Low35.05
52 Week High56.12
52 Week Low35.05
Performance
1 Week-7.85%
2 Weeks-6.66%
1 Month-10.94%
3 Month-21.99%
6 Month-10.24%
12 Month-35.17%
2 Year-34.05%
3 Year-45.06%
5 Year10.68%
10 Year-34.16%
15 Year128.49%
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)-0.19
RSI(14)28.91
LBB35.86
UBB40.2
NYSE:MGA (3/4/2025, 1:00:01 PM)
33.985
-1.34 (-3.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-3.81%
1 Week-7.85%
2 Weeks-6.66%
1 Month-10.94%
3 Month-21.99%
6 Month-10.24%
12 Month-35.17%
2 Year-34.05%
3 Year-45.06%
5 Year10.68%
10 Year-34.16%
15 Year128.49%
Volatility
ATR(14)1.21
ATR(20)%3.95%
ATR Inc65.96%
Range Today1.23
ADR(20)1.24
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.86
Mansfield-2.22
10 Day High39.07
10 Day Low35.06
20 Day High40.26
20 Day Low35.05
52 Week High56.12
52 Week Low35.05
CS1 EndN/A
CR1 Start37.67
Volume & EV
DER(3)-1.52%
DER(5)-0.87%
Volume1.23M
Volume Incr16%
Vol(5)2.37M
Vol(50)1.64M