MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis
TSX:MG - Toronto Stock Exchange - CA5592224011 - Common Stock - Currency: CAD
Overall MG gets a technical rating of 8 out of 10. 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.
MG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 58.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.22, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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53.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 56.45 to 57.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.21 to 54.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.73 to 60.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The short term trend for MG.CA is up. |
| ChartMill Relative Strength | 60.17 | NEUTRAL | MG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MG.CA is below 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) | DOWN | MIXED | The current price of MG.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.62 | NEUTRAL | The RSI value for MG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests MG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.13 | NEUTRAL | The Stochastics value for MG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.09 | POSITIVE | The high ADX value value for MG.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.71 | 56.44 | 1.27 (2.21%) | 25.00% |
| An entry @57.71. This is a Buy Stop order right above the 10 day moving average. | An exit @56.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.27 points, which is 2.21%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of MG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MG (8/6/2025, 7:00:00 PM)
57.67
+0.15 (+0.26%)