MAGNA INTERNATIONAL INC (MGA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGA - CA5592224011 - Common Stock
Overall MGA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MGA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MGA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
45.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.90 to 48.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.18 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.14 to 55.14. 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 | UP | POSITIVE | The short term trend for MGA is up. |
| ChartMill Relative Strength | 86.02 | POSITIVE | MGA has a high relative strength, it outperformed 86.02% 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) | 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) | 79.15 | OVERBOUGHT | The high RSI value suggests MGA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests MGA has a positive trend. |
| Stochastics (14,3) | 95.38 | OVERBOUGHT | The high Stochastics value suggests MGA may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for MGA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.44 | POSITIVE | The high ADX value value for MGA suggests a strong trend. |
55.13
+0.62 (+1.14%)
MAGNA INTERNATIONAL INC / MGA FAQ
Can you provide the ChartMill technical rating for MAGNA INTERNATIONAL INC?
ChartMill assigns a technical rating of 10 / 10 to MGA.
Can you provide the trend direction for MAGNA INTERNATIONAL INC?
The current trend direction for MAGNA INTERNATIONAL INC (MGA) is Bullish.
What is the RSI signal for MAGNA INTERNATIONAL INC (MGA) stock?
MAGNA INTERNATIONAL INC (MGA) has an RSI value of 79.1468. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MAGNA INTERNATIONAL INC?
The MACD indicator for MAGNA INTERNATIONAL INC (MGA) has a value of 0.487889, indicating a bearish trend.
Can you provide the support and resistance levels for MAGNA INTERNATIONAL INC?
MAGNA INTERNATIONAL INC (MGA) has a support level at 48.94 and a resistance level at 55.14. Check the full technical report for our detailed analysis of MGA support and resistance levels.