MAGNA INTERNATIONAL INC (MGA)       58.07  -0.67 (-1.14%)

58.07  -0.67 (-1.14%)

CA5592224011 - Common Stock

Technical Rating

6

Overall MGA gets a technical rating of 6 out of 10. In the last year, MGA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



MGA has an average volume of 1134470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, MGA turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
MGA is an average performer in the Auto Components industry, it outperforms 40% of 42 stocks in the same industry.
In the last month MGA has a been trading in the 55.20 - 64.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGA is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 3.85% 1.29% -4.22% -26.43% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 43.31 45.58 - 90.15
MGA Weekly chart
MGA Daily chart

Support/Resistance Analysis


57.49

68.09
5 important resistance areas can be observed.
  • A resistance zone ranging from 58.73 to 58.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 60.29 to 60.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @62.75 from a trend line in the daily time frame.
  • A resistance zone ranging from 64.79 to 65.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 66.64 to 67.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

MGA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


MGA Daily chart

MAGNA INTERNATIONAL INC58.07

NYSE:MGA (12/7/2022, 2:40:09 PM)-0.67 (-1.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Auto Components
Performance
Today -1.14% 1 Week -2.52%
2 Weeks -4.18% 1 Month 3.85%
3 Month 1.29% 6 Month -4.22%
Volatility
ATR(14) 1.41 ATR(20)% 3.01%
ATR Inc 48.2% Range Today 0.88
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 43.31 Mansfield -0.23
10 Day High 62.74 10 Day Low 58
20 Day High 64.31 20 Day Low 55.2
52 Week High 90.15 52 Week Low 45.58
CS1 End 58.73 CR1 Start 60.29
Volume & EV
DER(3) 1.9% DER(5) 1.47%
Volume 824.19K Volume Incr -16.8%
Vol(5) 1.02M Vol(50) 1.13M

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