(MagnaElectr) Magna Electr complete technical analysis [charts+indicators] | Buy/Sell Magna Electr | (MagnaElectr) share price targets
Complete technical analysis of Magna Electr (MagnaElectr) by charts plus indicators, forecast predictions and share price targets for Magna Electr (MagnaElectr)
Showing technical analysis as on 2024-03-04 View latest technical analysis
10 day averaged volume of Magna Electr is 4757
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Mon Mar 2024 | 459.20 | 464.90 | 464.90 | 434.00 | 0.844 times |
| 02 Sat Mar 2024 | 456.35 | 464.80 | 464.80 | 453.25 | 0.322 times |
| 01 Fri Mar 2024 | 458.30 | 458.95 | 460.00 | 442.00 | 0.868 times |
| 29 Thu Feb 2024 | 447.05 | 415.10 | 463.00 | 415.05 | 3.387 times |
| 28 Wed Feb 2024 | 423.95 | 439.20 | 439.20 | 416.00 | 0.692 times |
| 27 Tue Feb 2024 | 427.45 | 440.00 | 440.00 | 426.00 | 0.782 times |
| 26 Mon Feb 2024 | 428.25 | 434.95 | 448.00 | 422.10 | 0.863 times |
| 23 Fri Feb 2024 | 426.95 | 430.00 | 430.00 | 415.00 | 0.741 times |
| 22 Thu Feb 2024 | 417.50 | 425.00 | 438.95 | 416.00 | 0.69 times |
| 21 Wed Feb 2024 | 422.15 | 433.30 | 434.95 | 419.00 | 1.094 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 450.4, but if it comes below 450.4, then a intra day sell could be more profitable.
If you take a sell trade below 450.4, then use 450.4 as stoploss and 435.68 as target. However if you take a buy trade in stock , then use 450.4 as stoploss and 468 as target.
Share price targets for Magna Electr (MagnaElectr)
| Target Type | Value |
| Downside Target | 400.20 |
| Downside Target | 410.00 |
| Downside Target | 434.00 |
| Downside Target | 457.80 |
| Upside Target | 464.80 |
| Upside Target | 464.90 |
| Upside Target | 484.00 |
| Upside Target | 491.00 |
| Upside Target | 542.00 |
| Upside Target | 589.00 |
Intraday share price targets for Magna Electr (MagnaElectr)
| Target Type | Value |
| Downside Intraday Target | 440.5 |
| Downside Intraday Target | 421.8 |
| Upside Intraday Target | 471.4 |
| Upside Intraday Target | 483.6 |
| Downside Intraday Target | 452.7 |
Weekly technical analysis of Magna Electr (MagnaElectr)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Mon Mar 2024 | 459.20 | 464.90 | 464.90 | 434.00 | 0.122 times |
| 02 Sat Mar 2024 | 456.35 | 434.95 | 464.80 | 415.05 | 1.86 times |
| 23 Fri Feb 2024 | 426.95 | 444.00 | 444.00 | 415.00 | 0.802 times |
| 16 Fri Feb 2024 | 420.35 | 444.45 | 457.80 | 410.00 | 0.652 times |
| 09 Fri Feb 2024 | 444.45 | 470.00 | 484.00 | 400.20 | 1.509 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Magna Electr (MagnaElectr)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 04 Mon Mar 2024 | 459.20 | 458.95 | 464.90 | 434.00 | 0.089 times |
| 29 Thu Feb 2024 | 447.05 | 479.00 | 484.00 | 400.20 | 1.071 times |
| 31 Wed Jan 2024 | 474.75 | 479.60 | 589.00 | 462.00 | 0.856 times |
| 29 Fri Dec 2023 | 479.60 | 470.05 | 491.00 | 436.90 | 2.17 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Magna Electr (MagnaElectr)
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magna Electr stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Magna Electr in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magna Electr Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Magna Electr in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Magna Electr is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 438.58 and Magna Electr (MagnaElectr) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Magna Electr (MagnaElectr) stock. Volume based technical analysis of Magna Electr (MagnaElectr) stock is negative.
Magna Electr Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magna Electr ( (MagnaElectr) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magna Electr stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Magna Electr in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magna Electr Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Magna Electr in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Magna Electr is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 438.58 and Magna Electr (MagnaElectr) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Magna Electr (MagnaElectr) stock. Volume based technical analysis of Magna Electr (MagnaElectr) stock is negative.
Magna Electr Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for Magna Electr charts
Click here for further forecast and predictions for tomorrow