Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Magna International, Inc. (NYSE:MGA)

Sidelines Mode (+55) - MGA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open High Low MGA Price Change
54.72 55.41 54.38 54.87 +0.12
Entry Signal

MarketClub’s Trade Triangles for MGA

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 52.16

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 54.74

short term down The short-term trend has been DOWN since Dec 7th, 2023 at 54.60

Smart Scan Analysis for MGA

Based on our trend formula, MGA is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.72 55.41 54.38 54.87 +0.12
Prev. Close Volume Bid Ask Time
54.92 560252 2023-12-08 15:59:12
Year High67.47Year High Date2018-05-21
Year Low45.73Year Low Date2018-10-19
52wk High68.9252wk High Date2023-02-02
52wk Low46.7152wk Low Date2023-11-02
Year End Close50.02Average Volume1,286,802
Shares Outstanding402,264Short Interest3,775,093
% Institutional78Market Cap16,740M
P/E Ratio16.8982Beta1.24
Get a free daily analysis and signals for Magna International, Inc. (MGA) - Request Your Free Report.