MAGNA INTERNATIONAL INC (MG.CA) Stock Technical Analysis
Canada - TSX:MG - CA5592224011 - Common Stock
64.21 CAD
-0.6 (-0.93%)
Overall MG gets a technical rating of 8 out of 10. Although MG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
MG is one of the better performing stocks in the Automobile Components industry, it outperforms 75% 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 61.97 - 66.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, MG turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 64.20, a Stop Loss order could be placed below this zone.
More info and screens
55.89
65.93
2 important support areas can be observed.
- A support zone ranging from 63.27 to 64.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.30 to 65.28. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for MG.CA is up. |
| ChartMill Relative Strength | 63.28 | 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) | 58.1 | NEUTRAL | The RSI value for MG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MG.CA has a negative trend. |
| Stochastics (14,3) | 70.81 | NEUTRAL | The Stochastics value for MG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for MG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 39.11 | POSITIVE | The high ADX value value for MG.CA suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 65.29 | 63.26 | 2.03 (3.11%) | 25.00% |
| An entry @65.29. This is a Buy Stop order right above the resistance zone. | An exit @63.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.03 points, which is 3.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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 (9/22/2025, 7:00:00 PM)
64.21
-0.6 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.93%
1 Week-0.54%
2 Weeks0.99%
1 Month0.77%
3 Month21.91%
6 Month31.85%
12 Month11.17%
2 Year-11.79%
3 Year-2.01%
5 Year5.38%
10 Year0.31%
15 Year508.41%
Volatility
ATR(14)1.13
ATR(20)%1.72%
ATR Inc14.25%
Range Today0.76
ADR(20)1.06
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.28
Mansfield0.26
10 Day High66.29
10 Day Low62.8
20 Day High66.29
20 Day Low61.97
52 Week High66.42
52 Week Low43.25
CS1 End64.2
CR1 Start64.3
Volume & EV
DER(3)-0.15%
DER(5)0%
Volume757.20K
Volume Incr59.76%
Vol(5)1.49M
Vol(50)996.84K