Technical Analysis for MG - Magna International Inc.

Grade Last Price % Change Price Change
D 56.230 0.36% 0.200
MG closed up 0.36 percent on Wednesday, September 18, 2024, on 75 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Doji - Bearish? Reversal 0.00%
Crossed Above 20 DMA Bullish 0.36%
MACD Bullish Signal Line Cross Bullish 0.36%
Gapped Up Strength 0.36%
Gapped Up Strength 2.89%
Up 3 Days in a Row Strength 2.89%
NR7 Range Contraction 5.04%
Oversold Stochastic Weakness 5.04%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 15 hours ago
50 DMA Resistance about 15 hours ago
Up 2% about 15 hours ago
Rose Above Previous Day's High about 16 hours ago
Up 1% about 16 hours ago

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Profile

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
Classification

Sector: Consumer Cyclical
Industry: Auto Parts
Keywords: Manufacturing S&P/Tsx 60 Index Engineering Vehicle Train Aurora Automotive Industry Contract Manufacturing Bse Sensex Manufacturing Operations Product Development Automotive Supplier

Is MG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 78.7089
52 Week Low 51.79
Average Volume 1,490,014
200-Day Moving Average 65.966
50-Day Moving Average 57.047
20-Day Moving Average 55.414
10-Day Moving Average 54.283
Average True Range 1.417
RSI (14) 53.49
ADX 20.9
+DI 27.705
-DI 22.849
Chandelier Exit (Long, 3 ATRs) 54.010
Chandelier Exit (Short, 3 ATRs) 56.040
Upper Bollinger Bands 58.334
Lower Bollinger Band 52.494
Percent B (%b) 0.64
BandWidth 10.538
MACD Line -0.495
MACD Signal Line -0.726
MACD Histogram 0.2318
Fundamentals Value
Market Cap 16.83 Billion
Num Shares 299 Million
EPS 1.52
Price-to-Earnings (P/E) Ratio 36.94
Price-to-Sales 0.59
Price-to-Book 1.79
PEG Ratio -0.92
Dividend 2.10
Dividend Yield 3.73%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.915
Resistance 3 (R3) 59.020 58.230 58.468
Resistance 2 (R2) 58.230 57.546 58.178 58.318
Resistance 1 (R1) 57.230 57.124 57.730 57.125 58.169
Pivot Point 56.440 56.440 56.690 56.388 56.440
Support 1 (S1) 55.440 55.756 55.940 55.335 54.291
Support 2 (S2) 54.650 55.334 54.598 54.142
Support 3 (S3) 53.650 54.650 53.993
Support 4 (S4) 53.545