MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis
TSX:MG • CA5592224011
We assign a technical rating of 10 out of 10 to MG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MG did better than 77% of all other stocks. We also observe that the gains produced by MG over the past year are nicely spread over this period.
- MG is one of the better performing stocks in the Automobile Components industry, it outperforms 100% of 5 stocks in the same industry.
- MG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MG has a been trading in the 69.03 - 95.18 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MG has an average volume of 1330910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
67.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 71.24 to 71.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.00 from a trend line in the daily time frame.
- Support @67.83 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 | 77.52 | POSITIVE | MG.CA has a high relative strength, it outperformed 77.52% 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) | 77.67 | OVERBOUGHT | The high RSI value suggests MG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.23 | POSITIVE | The MACD value suggests MG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.39 | OVERBOUGHT | The high Stochastics value suggests MG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for MG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.23 | POSITIVE | The high ADX value value for MG.CA suggests a strong trend. |
TSX:MG (2/19/2026, 7:00:00 PM)
91.39
-0.19 (-0.21%)
MAGNA INTERNATIONAL INC / MG.CA FAQ
What is the technical rating for MG stock?
ChartMill assigns a technical rating of 10 / 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 77.6729. 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 71.44. Check the full technical report for our detailed analysis of MG.CA support and resistance levels.