MAGNA INTERNATIONAL INC (MGA)
CA5592224011 - Common Stock
Overall MGA gets a technical rating of 1 out of 10. MGA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month MGA has a been trading in the 52.70 - 59.91 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.
MGA has an average volume of 1241250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 59% of all stocks.
MGA is an average performer in the Automobile Components industry, it outperforms 56% of 42 stocks in the same industry.
MGA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.71
Mansfield-0.94
10 Day High58.33
10 Day Low52.7
20 Day High59.91
20 Day Low52.7
52 Week High68.92
52 Week Low45.58
Performance
1 Week-6.4%
2 Weeks-9.22%
1 Month-7.3%
3 Month-6.47%
6 Month-1.46%
12 Month11.32%
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.
More info and screens
49.68
65.95
When analyzing the support we notice one important area.
- Support @50.18 from a horizontal line in the weekly time frame.
We can see 6 important resistance areas.
- Resistance @53.01 from a trend line in the weekly time frame.
- A resistance zone ranging from 56.28 to 56.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.53 to 59.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.91 from a trend line in the weekly time frame.
- Resistance @63.24 from a trend line in the daily time frame.
- Resistance @65.30 from a horizontal line in the weekly time frame.
MAGNA INTERNATIONAL INC
NYSE:MGA (9/27/2023, 1:59:05 PM)
52.49
-0.3 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.57%
1 Week-6.4%
2 Weeks-9.22%
1 Month-7.3%
3 Month-6.47%
6 Month-1.46%
12 Month11.32%
Volatility
ATR(14)1.58
ATR(20)%2.67%
ATR Inc21.43%
Range Today1.09
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.71
Mansfield-0.94
10 Day High58.33
10 Day Low52.7
20 Day High59.91
20 Day Low52.7
52 Week High68.92
52 Week Low45.58
CS1 End50.18
CR1 Start53.01
Volume & EV
DER(3)0.98%
DER(5)-1.14%
Volume407.27K
Volume Incr-0.51%
Vol(5)923.84K
Vol(50)1.24M