MAGNA INTERNATIONAL INC (MGA)

CA5592224011 - Common Stock

43.33  +0.26 (+0.6%)

After market: 43 -0.33 (-0.76%)

Technical Rating and Analysis

0

Overall MGA gets a technical rating of 0 out of 10. MGA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than MGA.
MGA is part of the Automobile Components industry. There are 43 other stocks in this industry, of which 66% are performing better than MGA.
MGA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MGA has a been trading in the 42.78 - 48.18 range, which is quite wide. It is currently trading near the lows of this range.
MGA has an average volume of 2063530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
MGA Weekly chart
MGA Daily chart
Setup Rating and Analysis

3

The technical rating of MGA is bad and it also does not present a 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.

Support and Resistance Analysis

42.90

65.95

We can see 8 important resistance areas.

  • A resistance zone ranging from 44.19 to 44.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @46.14 from a trend line in the daily time frame.
  • A resistance zone ranging from 47.50 to 48.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @53.99 from a trend line in the weekly time frame.
  • Resistance @56.16 from a horizontal line in the daily time frame.
  • Resistance @58.12 from a trend line in the weekly time frame.
  • Resistance @59.52 from a horizontal line in the daily time frame.
  • Resistance @65.30 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-3.01
10 Day High45.52
10 Day Low42.78
20 Day High48.18
20 Day Low42.78
52 Week High65.27
52 Week Low42.78
Performance
1 Week-2.54%
2 Weeks-1.86%
1 Month-8.87%
3 Month-17.5%
6 Month-23.53%
12 Month-23.97%
2 Year-21.07%
3 Year-53.23%
5 Year-12.82%
10 Year-19.57%
15 Year310.32%
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)-0.05
RSI(14)30.95
LBB42.97
UBB45.82
MGA Daily chart

MAGNA INTERNATIONAL INC

NYSE:MGA (6/12/2024, 5:31:37 PM)

After market: 43 -0.33 (-0.76%)

43.33

+0.26 (+0.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.6%
1 Week-2.54%
2 Weeks-1.86%
1 Month-8.87%
3 Month-17.5%
6 Month-23.53%
12 Month-23.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.91
ATR(20)%2.04%
ATR Inc
Range Today1.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High45.52
10 Day Low42.78
20 Day High48.18
20 Day Low42.78
52 Week High65.27
52 Week Low42.78
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume894.26K
Volume Incr-50.31%
Vol(5)1.29M
Vol(50)2.06M