MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
USA - NYSE:MGA - CA5592224011 - Common Stock
46.22 USD
+1.4 (+3.12%)
46.22 USD
0 (0%)
Taking everything into account, MGA scores 6 out of 10 in our technical rating. Although MGA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MGA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGA is lagging the market slightly.
MGA has an average volume of 1446880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 66% of all stocks.
MGA is part of the Automobile Components industry. There are 83 other stocks in this industry, MGA did better than 53% of them.
In the last month MGA has a been trading in the 43.11 - 49.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGA has an average technical rating and the quality of the presented setup is also not ideal 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
43.09
49.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.24 to 44.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.53 to 43.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.67 to 49.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MGA is neutral. |
| ChartMill Relative Strength | 66.73 | 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) | UP | POSITIVE | The current price of MGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.22 | NEUTRAL | The RSI value for MGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MGA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.31 | NEUTRAL | The Stochastics value for MGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for MGA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.23 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.71 | 44.23 | 2.48 (5.31%) | 18.83% |
| An entry @46.71. This is a Buy Stop order right above the 10 day high. | An exit @44.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.48 points, which is 5.31%. | For a 1.00% total portfolio risk, you can invest 18.83% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.22
+1.4 (+3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg3.12%
1 Week2.76%
2 Weeks-0.71%
1 Month0.02%
3 Month8.5%
6 Month35.7%
12 Month10.1%
2 Year-3.89%
3 Year-17.06%
5 Year-9.57%
10 Year-12.35%
15 Year104.2%
Volatility
ATR(14)1.2
ATR(20)%2.3%
ATR Inc-2.05%
Range Today1.36
ADR(20)1.03
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.73
Mansfield0.29
10 Day High46.7
10 Day Low43.11
20 Day High49.8
20 Day Low43.11
52 Week High49.8
52 Week Low30.39
CS1 End44.86
CR1 Start48.67
Volume & EV
DER(3)-1.16%
DER(5)-0.92%
Volume1.85M
Volume Incr-6.05%
Vol(5)1.37M
Vol(50)1.45M