MGA NEWS why is Magna International, Inc. price falling or rising

MGA NEWS reasons for why stock price of Magna International, Inc. is falling or rising

MGA Magna International is falling or rising technical reasons

Technical analysis forecast for Magna International Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Magna International MGA at this time. Stock is falling and might fall more.

It appears as if Magna International MGA gave a large move recently.

Stock of Magna International (MGA) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Magna International is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 42.1 as stoploss in an intra day buy trade for a target of 42.7. However, stock will show a bearish move below 42.1.

MGA Magna International is falling or rising NEWS fundamental reasons

More announcements and NEWS

MGA Magna International, Inc. current price & indicator signals

Moving Averages for Magna International, Inc.

  • 5Day Average: 42.27
  • 12Day Average: 42.07
  • 20Day Average: 42.37
  • 50Day Average: 44.78
  • 100Day Average: 48.79
  • 150Day Average: 51.38
  • 200Day Average: 51.73

MGA Indicators & signals

Indicator MACD (12,26,9)

42.31, 43.08, -0.99
Indicator MACD is in negative zone

Indicator ADX (14)

7.69, 20.69, 24.14
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGA Magna International, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
05 Fri Jul 2024 42.27 42.25 to 42.81 -0.61% 0.86 times
03 Wed Jul 2024 42.53 42.26 to 42.81 0% 0.39 times
03 Wed Jul 2024 42.53 42.26 to 42.81 0.16% 0.39 times
02 Tue Jul 2024 42.46 41.48 to 42.84 2.19% 1.38 times
01 Mon Jul 2024 41.55 41.43 to 42.87 -0.84% 1.08 times
28 Fri Jun 2024 41.90 41.48 to 42.01 0.84% 0.8 times
27 Thu Jun 2024 41.55 41.40 to 41.88 -0.05% 1.08 times
26 Wed Jun 2024 41.57 40.83 to 41.63 -0.29% 1.36 times
25 Tue Jun 2024 41.69 41.65 to 42.56 -2.11% 1.25 times
24 Mon Jun 2024 42.59 42.40 to 43.32 0.88% 1.14 times
21 Fri Jun 2024 42.22 41.83 to 42.43 0.55% 1.12 times
20 Thu Jun 2024 41.99 41.82 to 42.47 -0.85% 0.95 times

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MGA NEWS why is Magna International, Inc. price falling or rising

 

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