Technical analysis from Magna International Inc (MG.TO.TO, TSE:MG.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Magna International Inc
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Market conditions are indicating accumulation is current for MG
Accumulation / Distribution /
Market conditions are indicating accumulation is current for MG

MG: ADLINE Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Stoploss for Magna International Inc should be set at $81.72
Woodie Pivot Point /
Stoploss for Magna International Inc should be set at $81.72

Magna International Inc has broken the first Woodie resistance point ($84.15) [Bullish]. Look for a long limit order entry near this point. Exit price for MG should be set @$84.88 & Stoploss for Magna International Inc should be set at $81.72

Stochastic Oscillator /
Stochastic Oscillator (19.4) for MG is still below the oversold limit

[BULLISH]: Magna International Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Low Price /
Magna International Inc: Daily low price is $82.45 [Lower low]

[BULLISH]: Magna International Inc current downtrend in the first timeframe. Currently, the Low is $82.45 (-0.5 %).

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Magna International Inc

MG: BWMF Current Signal -> (1) 22 Jun: Fake Day (2) 21 Jun: Squat Day (3) 20 Jun: Fade Day

Ease of Movement /
Magna International Inc was easily moved downward on low volume in recent trading [Bearish]

MG: EOM Current Signal -> (1) 22 Jun: BEARISH EASY (2) 21 Jun: BEARISH EASY (3) 20 Jun: BEARISH EASY

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Simple Moving Average /
Magna International Inc: Closing price $83.36 is below the SMA(5) @$84.364

[BEARISH]: Magna International Inc currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.4%.

Fibonacci Fans /
Limit order for a short position has been identified for Magna International Inc @$179.3)

Magna International Inc: The current Fibonacci Fan levels are: (23.61%) $97.01: (38.2%) $90.36: (50%) $89.67: (61.8%) $88.98The current support levels are: (78.6%) $88.01: (100%) $86.77: (138.2%) $84.55: (161.8%) $83.18: (261.8%) $77.37: (423.61%) $67.99

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Magna International Inc: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Magna International Inc: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Magna International Inc current price has highlighted recent selling pressure. Currently, the Elders Force Index is -165563.

Magna International Inc: Daily Downtrend remains intact
Short Trend /
Magna International Inc: Daily Downtrend remains intact

[BEARISH]: Magna International Inc is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Average Directional Movement /
Magna International Inc: Average Directional Index (23.46) has confirmed a weak trend is present

[Weak Trend]: ADX for MG has confirmed a weak trend is present. Magna International Inc has an ATR(14) of 1.572, a DX of 3.98 & an ADX(14) of 23.46

Exponential Moving Average /
[Downtrend]: Recent trading for MG indicates ST trend is likely to continue

[BEARISH]: Magna International Inc currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.4%.

MACD Volume /
Magna International Inc: Volume MACD @12378 [Bullish]

[BULLISH]: Magna International Inc currently has positive Volume MACD of 12378. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Long positions for Magna International Inc should be set between $83.0725 & $83.695
Demarks Pivot Points /
Long positions for Magna International Inc should be set between $83.0725 & $83.695

Magna International Inc has broken the first DeMark support point ($83.0725) [Bearish]. Look for a short limit order entry near this point. Exit price for MG should be set @$82.1150 & short position stoploss for Magna International Inc should be set at $83.695

Magna International Inc: Aroon oscillator (56) has confirmed a strong uptrend is present
Aroon Oscillator /
Magna International Inc: Aroon oscillator (56) has confirmed a strong uptrend is present

[BULLISH]: Magna International Inc has a current ARO(25) of 56. This has change 0 points from yesterday.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Magna International Inc [Bullish]

[BULLISH]: Magna International Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 79.5435.

High Price /
Magna International Inc: Daily high price is $84.03 [Lower High]

[BEARISH]: Magna International Inc current downtrend in the first timeframe. Currently, the HIGH is -0.2 %.

Momentum /
Negative momentum for MG is a leading indicator for continued price falls

[BEARISH]: Magna International Inc currently has negative momentum of -2.78 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -2.1%.

Bear power has increased for Magna International Inc signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Magna International Inc signalling bearish conditions are likely

[BEARISH]: Magna International Inc Elder Ray Index is signalling a Bearish movementERI is -2.023 indicating bear power. Prices are being driven below the consensus of value for MG during the last trading session [Selling Pressure]

Magna International Inc currently has positive volume rate of change for 24
Volume Rate of Change /
Magna International Inc currently has positive volume rate of change for 24

[BULLISH]: Magna International Inc currently has positive volume of change of 24%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.4%.

Magna International Inc: Closing price $83.36 is below the SWMA(5) @$84.239
Sine Weighted Moving Average /
Magna International Inc: Closing price $83.36 is below the SWMA(5) @$84.239

[BEARISH]: Magna International Inc currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.4%.

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Magna International Inc & are driving the price up.

MG: Recent performance signals ->(1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: BULLISH

Pivot Points /
Magna International Inc has broken the first resistance point ($84.11) [Bullish]

Magna International Inc has broken the first support point ($82.53) [Bearish]. Look for a short limit order entry near this point. Exit price for MG should be set @$81.7 & short position stoploss for Magna International Inc should be set between $84.86 & $85.69

Weighted Moving Average /
[Downtrend]: Recent trading for MG indicates ST trend is likely to continue

MG: WMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Closing Price /
Strong price performance from MG has seen a higher close of 0.4 % [Uptrend]

[BULLISH]: Magna International Inc current uptrend in the first timeframe. Currently, the Close is $83.36.

Buying pressure for Magna International Inc continues - bullish signal
Chaikin Money Flow /
Buying pressure for Magna International Inc continues - bullish signal

[BULLISH]: Magna International Inc current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.09. MG The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.21

[Bearish]: Magna International Inc has failed to beat the previous volume by -22.1
Volume /
[Bearish]: Magna International Inc has failed to beat the previous volume by -22.1

[BEARISH]: Magna International Inc current volume downtrend in the first timeframe. Volume for MG is 839772 (-22.1).

Range Tod Vs Range Yest /
Magna International Inc: Range Performance (16.2)

[BEARISH]: Magna International Inc sellers are increasingly eager. There has been 2 consecutive days of range increase for MG adding strength to an uptrend in the first timeframe. The biggest price range this month has been $4.6800 & the greatest daily price range this year has been $23.5000. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 0.2x.

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