MAGNA INTERNATIONAL INC (MGA)
CA5592224011 - Common Stock
Taking everything into account, MGA scores 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
76% of all other stocks performed better in the past year than MGA.
MGA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGA is lagging the market.
MGA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MGA has an average volume of 1473880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MGA is an average performer in the Automobile Components industry, it outperforms 53% of 42 stocks in the same industry.
MGA has a poor technical rating and the quality of the setup is also not perfect 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
46.95
65.95
When analyzing the support we notice one important area.
- A support zone ranging from 47.42 to 47.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 50.23 to 51.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 52.41 to 53.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.83 to 56.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 58.98 to 59.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.30 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.29
Mansfield-1.88
10 Day High51.39
10 Day Low47.42
20 Day High54.82
20 Day Low47.42
52 Week High65.27
52 Week Low46.71
Performance
1 Week2.86%
2 Weeks-2.84%
1 Month-8.04%
3 Month-11.7%
6 Month3.27%
12 Month-5.66%
2 Year-18.35%
3 Year-47.88%
5 Year-11.56%
10 Year0.44%
15 Year479.62%
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)-0.08
RSI(14)38.69
LBB46.78
UBB53.24
MAGNA INTERNATIONAL INC
NYSE:MGA (4/25/2024, 9:35:09 AM)
48.5
-0.71 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.44%
1 Week2.86%
2 Weeks-2.84%
1 Month-8.04%
3 Month-11.7%
6 Month3.27%
12 Month-5.66%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.14
ATR(20)%2.28%
ATR Inc
Range Today0.65
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 High51.39
10 Day Low47.42
20 Day High54.82
20 Day Low47.42
52 Week High65.27
52 Week Low46.71
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume140.47K
Volume Incr77.77%
Vol(5)2.39M
Vol(50)1.47M