Stock Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Magna Intl Inc (TSE:MG)
Long-Term Uptrend (+90) - MG is in a strong uptrend that is likely to continue. While MG is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MG?
MarketClub looks at technical strength and momentum to determine if the timing is right for MG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MG
The long-term trend has been UP since Oct 20th, 2020 at 71.55
The intermediate-term trend has been UP since Oct 5th, 2020 at 64.96
The short-term trend has been UP since Mar 8th, 2021 at 113.31
Smart Scan Analysis for MG
Based on our trend formula, MG is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||87.125||Year High Date||2018-06-18|
|Year Low||59.93||Year Low Date||2018-10-19|
|52wk High||87.125||52wk High Date||2018-06-18|
|52wk Low||59.93||52wk Low Date||2018-10-19|
|Year End Close||49.68||Average Volume||1,147,945|