MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
NYSE:MGA - New York Stock Exchange, Inc. - CA5592224011 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to MGA. In the past year, MGA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than MGA.
MGA is one of the lesser performing stocks in the Automobile Components industry. 72% of 81 stocks in the same industry do better.
MGA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MGA has an average volume of 2185270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.15, a Stop Loss order could be placed below this zone.
More info and screens
35.09
44.89
2 important support areas can be observed.
- A support zone ranging from 36.15 to 36.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.44 to 35.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 36.70 to 37.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 38.21 to 38.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.45 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for MGA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGA is up. |
| ChartMill Relative Strength | 26.98 | NEGATIVE | MGA has a low relative strength, it was outperformed by 73.02% off all stocks 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) | DOWN | MIXED | The current price of MGA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for MGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.71 | NEUTRAL | The Stochastics value for MGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for MGA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.41 | NEGATIVE | The low ADX value for MGA suggests a weak or negative 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)
36.28
-0.08 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.22%
1 Week1.71%
2 Weeks-0.49%
1 Month3.63%
3 Month-0.41%
6 Month-19.63%
12 Month-19.75%
2 Year-24.98%
3 Year-44.12%
5 Year-13.99%
10 Year-36.92%
15 Year115.02%
Volatility
ATR(14)0.83
ATR(20)%2.72%
ATR Inc-31.39%
Range Today0.63
ADR(20)0.87
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.98
Mansfield-1.22
10 Day High37.05
10 Day Low34.94
20 Day High37.58
20 Day Low32.55
52 Week High47.22
52 Week Low30.39
CS1 End36.15
CR1 Start36.7
Volume & EV
DER(3)-0.36%
DER(5)1.51%
Volume1.96M
Volume Incr-20.23%
Vol(5)1.86M
Vol(50)2.19M