MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
NYSE:MGA - New York Stock Exchange, Inc. - CA5592224011 - Common Stock - Currency: USD
Overall MGA gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MGA is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month MGA has a been trading in the 36.74 - 43.17 range, which is quite wide. It is currently trading near the high of this range.
MGA has an average volume of 1775070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MGA outperforms 63% of them, which is more or less in line with the market.
MGA is an average performer in the Automobile Components industry, it outperforms 49% of 80 stocks in the same industry.
MGA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGA is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although MGA has an excellent technical rating, it does not present a decent entry opportunity 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
36.82
44.89
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.25 to 39.31. 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 37.19 to 37.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.97 to 42.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.45 from a horizontal line in the weekly 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 MGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGA is up. |
| ChartMill Relative Strength | 63.81 | NEUTRAL | MGA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MGA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.39 | NEUTRAL | The RSI value for MGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.86 | OVERBOUGHT | The high Stochastics value suggests MGA may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for MGA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.88 | POSITIVE | The high ADX value value for MGA 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)
41.96
-0.55 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.29%
1 Week0.82%
2 Weeks9.61%
1 Month9.24%
3 Month30.27%
6 Month6.15%
12 Month-5.6%
2 Year-34.77%
3 Year-34.29%
5 Year-9.12%
10 Year-22.81%
15 Year124.75%
Volatility
ATR(14)1.03
ATR(20)%2.35%
ATR Inc5.97%
Range Today0.88
ADR(20)0.91
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.81
Mansfield-0.17
10 Day High43.17
10 Day Low37.87
20 Day High43.17
20 Day Low36.74
52 Week High47.22
52 Week Low30.39
CS1 End39.31
CR1 Start41.97
Volume & EV
DER(3)0.62%
DER(5)1.86%
Volume892.80K
Volume Incr-17.69%
Vol(5)1.12M
Vol(50)1.78M