Technical Analysis for MG - Magna International Inc.

Grade Last Price % Change Price Change
grade C 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.

Trend Table & Recent Signals

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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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
Companies S&P/Tsx 60 Index Ontario Automotive Industry Contract Manufacturing Bse Sensex Manufacturing Operations

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 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
Fundamentals Value
Market Cap 22.5 Billion
Num Shares 370 Million
EPS 5.53
Price-to-Earnings (P/E) Ratio 11.00
Price-to-Sales 0.71
Price-to-Book 2.46
PEG Ratio -0.93
Dividend 1.37
Dividend Yield 2.25%
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