MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MG - CA5592224011 - Common Stock
Taking everything into account, MG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MG has an excellent technical rating, it does not offer a high 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
61.50
4 important support areas can be observed.
- A support zone ranging from 74.41 to 75.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @69.48 from a trend line in the weekly time frame.
- A support zone ranging from 67.83 to 68.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.12 from a horizontal line 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 | 74.44 | POSITIVE | MG.CA has a high relative strength, it outperformed 74.44% off all stocks 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) | 71.32 | OVERBOUGHT | The high RSI value suggests MG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MG.CA has a positive trend. |
| Stochastics (14,3) | 78.07 | NEUTRAL | The Stochastics value for MG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for MG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.22 | POSITIVE | The high ADX value value for MG.CA suggests a strong trend. |
TSX:MG (1/9/2026, 7:00:00 PM)
78.18
+0.65 (+0.84%)
MAGNA INTERNATIONAL INC / MG.CA FAQ
What is the technical rating for MG stock?
ChartMill assigns a technical rating of 9 / 10 to MG.CA.
What is the trend direction for MG stock?
The current trend direction for MAGNA INTERNATIONAL INC (MG.CA) is Bullish.
What is the RSI signal for MAGNA INTERNATIONAL INC (MG.CA) stock?
MAGNA INTERNATIONAL INC (MG.CA) has an RSI value of 71.3168. This indicates that the stock is currently overbought.
Can you provide the short term momentum for MAGNA INTERNATIONAL INC?
The short term momentum for MAGNA INTERNATIONAL INC (MG.CA) is positive.
What are the support and resistance levels for MAGNA INTERNATIONAL INC (MG.CA) stock?
MAGNA INTERNATIONAL INC (MG.CA) has a support level at 75.64. Check the full technical report for our detailed analysis of MG.CA support and resistance levels.