Technical Analysis for MG - Magna International Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
63.28 | 4.01% | 2.440 |
MG closed down 0.65 percent on Thursday, June 4, 2020, on 85 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Up |
| Historical MG trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 4.01% | |
| Upper Bollinger Band Walk | Strength | 4.01% | |
| Overbought Stochastic | Strength | 4.01% | |
| 200 DMA Resistance | Bearish | 3.33% | |
| Stochastic Sell Signal | Bearish | 3.33% | |
| Upper Bollinger Band Walk | Strength | 3.33% | |
| Overbought Stochastic | Strength | 3.33% | |
| Upper Bollinger Band Touch | Strength | 3.33% | |
| Expansion Breakout | Bullish Swing Setup | 2.16% | |
| Upper Bollinger Band Walk | Strength | 2.16% |
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Basic chart:
- Earnings date: 2020-05-07
- Sector: Consumer Cyclical
- Industry: Auto Parts
Magna International Inc. (Magna) is an automotive supplier. The Company's segments are North America, Europe, Asia, Rest of World, and Corporate and Other. Its product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Company has over 290 manufacturing operations and over 80 product development, engineering and sales centers in approximately 30 countries. The Company's operating unit, Cosma International, is an automotive supplier that provides a range of body, chassis and engineering solutions. The Company produces a range of body-in-white solutions
Companies S&P/Tsx 60 Index Ontario Automotive Industry Contract Manufacturing Bse Sensex Manufacturing Operations
Companies S&P/Tsx 60 Index Ontario Automotive Industry Contract Manufacturing Bse Sensex Manufacturing Operations
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 75.25 |
| 52 Week Low | 33.22 |
| Average Volume | 925,336 |
| 200-Day Moving Average | 63.681 |
| 50-Day Moving Average | 51.528 |
| 20-Day Moving Average | 55.960 |
| 10-Day Moving Average | 58.538 |
| Average True Range | 2.198 |
| ADX | 23.77 |
| +DI | 37.387 |
| -DI | 16.825 |
| Chandelier Exit (Long, 3 ATRs ) | 57.555 |
| Chandelier Exit (Short, 3 ATRs ) | 55.845 |
| Upper Bollinger Band | 62.390 |
| Lower Bollinger Band | 49.530 |
| Percent B (%b) | 0.88 |
| BandWidth | 22.981 |
| MACD Line | 2.491 |
| MACD Signal Line | 1.944 |
| MACD Histogram | 0.5477 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 62.820 | ||||
| Resistance 3 (R3) | 62.827 | 62.173 | 62.490 | ||
| Resistance 2 (R2) | 62.173 | 61.669 | 62.170 | 62.380 | |
| Resistance 1 (R1) | 61.507 | 61.358 | 61.180 | 61.500 | 62.270 |
| Pivot Point | 60.853 | 60.853 | 60.690 | 60.850 | 60.853 |
| Support 1 (S1) | 60.187 | 60.349 | 59.860 | 60.180 | 59.410 |
| Support 2 (S2) | 59.533 | 60.038 | 59.530 | 59.300 | |
| Support 3 (S3) | 58.867 | 59.533 | 59.190 | ||
| Support 4 (S4) | 58.860 |
