MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
NYSE:MGA - New York Stock Exchange, Inc. - CA5592224011 - Common Stock - Currency: USD
Taking everything into account, MGA scores 3 out of 10 in our technical rating. In the past year, MGA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than MGA.
MGA is one of the lesser performing stocks in the Automobile Components industry. 73% of 81 stocks in the same industry do better.
In the last month MGA has a been trading in the 31.52 - 37.17 range, which is quite wide. It is currently trading near the high of this range.
MGA has an average volume of 2106680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MGA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGA is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MGA is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.72
44.89
2 important support areas can be observed.
- A support zone ranging from 33.91 to 33.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.14 to 37.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.82 from a trend line in the weekly time frame.
- Resistance @44.45 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.64
Mansfield-1.1
10 Day High37.17
10 Day Low32.55
20 Day High37.17
20 Day Low31.52
52 Week High47.63
52 Week Low30.39
Performance
1 Week11.8%
2 Weeks6.06%
1 Month13.24%
3 Month-1.9%
6 Month-15.42%
12 Month-21.82%
2 Year-23.22%
3 Year-42.81%
5 Year-11.97%
10 Year-35.44%
15 Year120.06%
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)
Technical Indicators
MACD(12,26,9)0.43
RSI(14)66.34
LBB32.23
UBB36.76
37.13
+0.78 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg2.15%
1 Week11.8%
2 Weeks6.06%
1 Month13.24%
3 Month-1.9%
6 Month-15.42%
12 Month-21.82%
2 Year-23.22%
3 Year-42.81%
5 Year-11.97%
10 Year-35.44%
15 Year120.06%
Volatility
ATR(14)1.11
ATR(20)%2.92%
ATR Inc36.07%
Range Today0.95
ADR(20)0.97
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.64
Mansfield-1.1
10 Day High37.17
10 Day Low32.55
20 Day High37.17
20 Day Low31.52
52 Week High47.63
52 Week Low30.39
CS1 End33.98
CR1 Start37.14
Volume & EV
DER(3)0.48%
DER(5)1.82%
Volume1.66M
Volume Incr-40.43%
Vol(5)1.45M
Vol(50)2.11M