MAGNA INTERNATIONAL INC (MGA)
CA5592224011 - Common Stock
Taking everything into account, MGA scores 1 out of 10 in our technical rating. MGA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MGA is a bad performer in the overall market: 87% of all stocks are doing better.
MGA is part of the Automobile Components industry. There are 81 other stocks in this industry, of which 86% are performing better than MGA.
MGA is currently trading in the lower part 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.
MGA has an average volume of 1749700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MGA has a been trading in the 41.43 - 46.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 support zone below the current price at 41.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
41.12
56.72
When analyzing the support we notice one important area.
- A support zone ranging from 41.54 to 41.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 43.57 to 44.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.83 from a horizontal line in the daily time frame.
- Resistance @52.71 from a trend line in the weekly time frame.
- Resistance @56.16 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.7
Mansfield-2.62
10 Day High46.44
10 Day Low42.6
20 Day High46.44
20 Day Low41.43
52 Week High65.27
52 Week Low40.83
Performance
1 Week-0.25%
2 Weeks-2.07%
1 Month4.77%
3 Month-11.38%
6 Month-21.89%
12 Month-31.72%
2 Year-31.84%
3 Year-48.07%
5 Year-13.67%
10 Year-18.94%
15 Year241.68%
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)-0.03
RSI(14)48.41
LBB42.2
UBB46.1
MAGNA INTERNATIONAL INC
NYSE:MGA (7/26/2024, 7:04:00 PM)
After market: 43.53 0 (0%)43.53
+0.3 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.69%
1 Week-0.25%
2 Weeks-2.07%
1 Month4.77%
3 Month-11.38%
6 Month-21.89%
12 Month-31.72%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.18
ATR(20)%2.47%
ATR Inc
Range Today0.76
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 High46.44
10 Day Low42.6
20 Day High46.44
20 Day Low41.43
52 Week High65.27
52 Week Low40.83
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.09M
Volume Incr-1.87%
Vol(5)1.25M
Vol(50)1.75M