MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MG - CA5592224011 - Common Stock
Taking everything into account, MG scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MG is only an average performer.
Although MG has an excellent technical rating, the quality of the presented setup is not ideal 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
60.36
We found 3 important support areas.
- A support zone ranging from 64.24 to 65.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.12 from a horizontal line in the daily time frame.
- A support zone ranging from 60.97 to 60.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 69.97 to 70.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MG.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MG.CA is neutral. |
| ChartMill Relative Strength | 53.13 | NEUTRAL | MG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.82 | NEUTRAL | The RSI value for MG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests MG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.74 | NEUTRAL | The Stochastics value for MG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.95 | NEUTRAL | The ADX value for MG.CA suggests a possible start of a new trend. |
TSX:MG (11/21/2025, 7:00:00 PM)
68.03
+3.63 (+5.64%)
MAGNA INTERNATIONAL INC / MG.CA FAQ
What is the technical rating for MG stock?
ChartMill assigns a technical rating of 7 / 10 to MG.CA.
What is the current trend direction of MAGNA INTERNATIONAL INC (MG.CA) stock?
The current trend direction for MAGNA INTERNATIONAL INC (MG.CA) is Bullish.
Can you provide the RSI signal for MAGNA INTERNATIONAL INC?
MAGNA INTERNATIONAL INC (MG.CA) has an RSI value of 53.8216. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGNA INTERNATIONAL INC?
The MACD indicator for MAGNA INTERNATIONAL INC (MG.CA) has a value of -0.394789, indicating a bearish trend.