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MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis

TSX:MG - Toronto Stock Exchange - CA5592224011 - Common Stock - Currency: CAD

55.15  +0.16 (+0.29%)

Technical Rating and Analysis

0

Overall MG gets a technical rating of 0 out of 10. MG'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
84% of all other stocks performed better in the past year than MG.
MG is part of the Automobile Components industry. There are 5 other stocks in this industry, of which 100% are performing better than MG.
MG 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.
MG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MG has an average volume of 1193490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
MAGNA INTERNATIONAL INC / MG Weekly stock chart
MAGNA INTERNATIONAL INC / MG Daily stock chart
Setup Rating and Analysis

3

The technical rating of MG 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.

Support and Resistance Analysis

51.75

66.09

We found 2 important support areas.

  • Support @54.38 from a horizontal line in the daily time frame.
  • A support zone ranging from 52.27 to 53.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 58.84 to 60.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @62.29 from a trend line in the weekly time frame.
  • Resistance @65.44 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.92
Mansfield-1.82
10 Day High60.28
10 Day Low51.34
20 Day High60.28
20 Day Low51.34
52 Week High75.93
52 Week Low51.34
Performance
1 Week-4.29%
2 Weeks-6.53%
1 Month-3.26%
3 Month-8.66%
6 Month3.51%
12 Month-25.05%
2 Year-27.48%
3 Year-41.44%
5 Year-9.72%
10 Year62.35%
15 YearN/A
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)-0.29
RSI(14)37.81
LBB53.27
UBB61.39
MAGNA INTERNATIONAL INC / MG Daily stock chart

MAGNA INTERNATIONAL INC

TSX:MG (2/7/2025, 7:00:00 PM)

55.15

+0.16 (+0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.29%
1 Week-4.29%
2 Weeks-6.53%
1 Month-3.26%
3 Month-8.66%
6 Month3.51%
12 Month-25.05%
2 Year-27.48%
3 Year-41.44%
5 Year-9.72%
10 Year62.35%
15 YearN/A
Volatility
ATR(14)1.8
ATR(20)%2.93%
ATR Inc17.18%
Range Today1.31
ADR(20)1.4
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.92
Mansfield-1.82
10 Day High60.28
10 Day Low51.34
20 Day High60.28
20 Day Low51.34
52 Week High75.93
52 Week Low51.34
CS1 End54.38
CR1 Start58.84
Volume & EV
DER(3)2.62%
DER(5)1.2%
Volume1.52M
Volume Incr163.35%
Vol(5)2.55M
Vol(50)1.19M