MAGNA INTERNATIONAL INC (MGA) Technical Analysis
NYSE:MGA • CA5592224011
Current stock price
54.15 USD
-1.81 (-3.23%)
At close:
54.15 USD
0 (0%)
After Hours:
MGA Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MGA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month MGA has a been trading in the 53.80 - 66.78 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that MGA is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, MGA also shows a nice and consistent pattern of rising prices.
- MGA is part of the Automobile Components industry. There are 41 other stocks in this industry. MGA outperforms 80% of them.
- MGA has an average volume of 2015350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- 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.
MGA Weekly and Daily overview Charts
MGA Setup Rating and Analysis
MGA has an average technical rating and it also 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
MGA Support and Resistance Analysis
48.87
58.42
We found 4 important support areas.
- Support @53.56 from a trend line in the weekly time frame.
- Support @52.32 from a trend line in the daily time frame.
- A support zone ranging from 51.13 to 51.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.36 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.55 to 57.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MGA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for MGA is down. |
| ChartMill Relative Strength | 84.56 | POSITIVE | MGA has a high relative strength, it outperformed 84.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.86 | NEUTRAL | The RSI value for MGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.03 | NEGATIVE | The MACD value suggests MGA has a negative trend. |
| Stochastics (14,3) | 7.84 | OVERSOLD | The low Stochastics value suggests MGA may be oversold. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for MGA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.07 | POSITIVE | The high ADX value value for MGA suggests a strong trend. |
MGA Chart- and CandleStick Pattern Analysis
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)
MGA Technicals: Chart, Performance Metrics, Trend & Indicators
54.15
-1.81 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-3.23%
1 Week-6.36%
2 Weeks-12.62%
1 Month-18.99%
3 Month-1.78%
6 Month15.36%
12 Month48.68%
2 Year-0.61%
3 Year1.08%
5 Year-38.49%
10 Year26.05%
15 Year126.05%
Volatility
ATR(14)1.79
ATR(20)%3.16%
ATR Inc-1.08%
Range Today1.84
ADR(20)1.48
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.56
3 months CRS47.75
6 months CRS85.05
Mansfield1.48
10 Day High61.67
10 Day Low53.8
20 Day High66.78
20 Day Low53.8
52 Week High69.94
52 Week Low30.39
CS1 End53.56
CR1 Start56.55
Volume & EV
DER(3)-0.39%
DER(5)0.07%
Volume2.00M
Volume Incr-32.22%
Vol(5)1.71M
Vol(50)2.02M
MAGNA INTERNATIONAL INC / MGA TA FAQ
Can you provide the ChartMill technical rating for MAGNA INTERNATIONAL INC?
ChartMill assigns a technical rating of 6 / 10 to MGA.
What is the trend direction for MGA stock?
The current trend direction for MAGNA INTERNATIONAL INC (MGA) is Bullish.
What is the RSI signal for MAGNA INTERNATIONAL INC (MGA) stock?
MAGNA INTERNATIONAL INC (MGA) has an RSI value of 33.8594. This indicates that the stock is currently neutral.
What is the short term momentum for MGA stock?
The short term momentum for MAGNA INTERNATIONAL INC (MGA) is negative.
Can you provide the buy/sell signal for MAGNA INTERNATIONAL INC?
The buy/sell signal for MAGNA INTERNATIONAL INC (MGA) is hold as the short term and long term trends are mixed.