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 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MG is a bad performer in the overall market: 80% of all stocks are doing better.
MG is part of the Automobile Components industry. There are 4 other stocks in this industry, of which 133% are performing better than MG.
MG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MG is lagging the market.
MG has an average volume of 1939390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MG has a been trading in the 44.84 - 52.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.76, a Stop Loss order could be placed below this zone.
More info and screens
43.46
60.28
We found 3 important support areas.
- A support zone ranging from 49.21 to 49.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.93 to 48.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.90 to 44.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 49.91 to 50.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 51.29 to 51.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.87 from a trend line in the weekly time frame.
- Resistance @59.68 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 | DOWN | NEGATIVE | The long term trend for MG.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MG.CA is up. |
| ChartMill Relative Strength | 20.17 | NEGATIVE | MG.CA has a low relative strength, it was outperformed by 79.83% 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) | DOWN | MIXED | The current price of MG.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.34 | NEUTRAL | The RSI value for MG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.68 | NEUTRAL | The Stochastics value for MG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for MG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for MG.CA suggests a weak or negative 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)
TSX:MG (5/30/2025, 7:00:00 PM)
49.82
-0.4 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.8%
1 Week2.32%
2 Weeks-2.18%
1 Month2.72%
3 Month-5.45%
6 Month-21.7%
12 Month-19.2%
2 Year-24.15%
3 Year-39.3%
5 Year-14.19%
10 Year-30.29%
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%2.66%
ATR Inc-47.13%
Range Today0.76
ADR(20)1.13
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.17
Mansfield-1.36
10 Day High51.7
10 Day Low48.2
20 Day High52.4
20 Day Low44.85
52 Week High66.42
52 Week Low43.25
CS1 End49.76
CR1 Start49.91
Volume & EV
DER(3)-0.88%
DER(5)-0.61%
Volume2.24M
Volume Incr-5.58%
Vol(5)2.34M
Vol(50)1.94M