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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Magna International, Inc. (NYSE:MGA)

Bull Market Weakness (+75) - MGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGA as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MGA?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_MGA
Open High Low MGA Price Change
53.6900 54.5000 53.4300 54.4756 +0.9656
Entry Signal

MarketClub’s Trade Triangles for MGA

long term down The long-term trend has been DOWN since Mar 14th, 2024 at 52.605

intermediate term up The intermediate-term trend has been UP since Mar 21st, 2024 at 55.520

short term up The short-term trend has been UP since Mar 20th, 2024 at 53.010

Smart Scan Analysis for MGA

Based on our trend formula, MGA is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.6900 54.5000 53.4300 54.4756 +0.9656
Prev. Close Volume Bid Ask Time
54.5400 1827420 2024-03-27 15:58:13
Year High67.47Year High Date2018-05-21
Year Low45.73Year Low Date2018-10-19
52wk High65.2752wk High Date2023-08-04
52wk Low46.7152wk Low Date2023-11-02
Year End Close50.02Average Volume1,224,784
Shares Outstanding402,264Short Interest3,775,093
% Institutional78Market Cap16,740M
Assets322,550,000MLiabilities203,710,000M
P/E Ratio12.8936Beta1.24
Volatility37.28
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