Technical Analysis for MG - Magna International Inc.

Grade Last Price % Change Price Change
B 91.470 1.71% 1.540
MG closed up 4.11 percent on Wednesday, February 1, 2023, on 2.01 times normal volume. 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.
Earnings due: Feb 9
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 1.67%
Expansion Breakout Bullish Swing Setup 1.67%
Stochastic Reached Overbought Strength 1.67%
Multiple of Ten Bearish Other 1.67%
Above Upper BB Strength 1.67%
Gapped Up Strength 1.67%
Overbought Stochastic Strength 1.67%
Upper Bollinger Band Touch Strength 1.67%
Calm After Storm Range Contraction 5.85%
NR7 Range Contraction 5.85%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Up 1% about 1 hour ago
Rose Above Previous Day's High about 2 hours ago
Fell Below Upper Bollinger Band about 2 hours ago
Up 3% about 21 hours ago
Up 1 ATR about 22 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 Train Vehicle 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 105.58
52 Week Low 63.55
Average Volume 689,959
200-Day Moving Average 77.436
50-Day Moving Average 81.634
20-Day Moving Average 84.563
10-Day Moving Average 85.019
Average True Range 2.447
RSI 65.87
ADX 23.37
+DI 39.473
-DI 21.402
Chandelier Exit (Long, 3 ATRs) 82.858
Chandelier Exit (Short, 3 ATRs) 84.642
Upper Bollinger Bands 89.284
Lower Bollinger Band 79.842
Percent B (%b) 1.07
BandWidth 11.166
MACD Line 1.630
MACD Signal Line 1.396
MACD Histogram 0.2335
Fundamentals Value
Market Cap 26.91 Billion
Num Shares 299 Million
EPS 1.52
Price-to-Earnings (P/E) Ratio 59.09
Price-to-Sales 0.59
Price-to-Book 1.79
PEG Ratio -0.92
Dividend 2.10
Dividend Yield 2.34%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 95.420
Resistance 3 (R3) 94.900 92.550 94.505
Resistance 2 (R2) 92.550 91.152 92.810 94.200
Resistance 1 (R1) 91.240 90.288 91.895 91.760 93.895
Pivot Point 88.890 88.890 89.218 89.150 88.890
Support 1 (S1) 87.580 87.492 88.235 88.100 85.965
Support 2 (S2) 85.230 86.628 85.490 85.660
Support 3 (S3) 83.920 85.230 85.355
Support 4 (S4) 84.440