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Stock Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Magna Intl Inc (TSE:MG)

Long-Term Downtrend (-90) - MG is in a strong downtrend that is likely to continue. While MG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

Open High Low MG Price Change
57.91 58.89 57.75 58.83 +0.86
Entry Signal

MarketClub’s Trade Triangles for MG

long term down The long-term trend has been DOWN since Mar 14th, 2024 at 71.50

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 70.40

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 58.89

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).

Smart Scan Analysis for MG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.91 58.89 57.75 58.83 +0.86
Prev. Close Volume Bid Ask Time
58.84 408630 2024-06-17 15:59:58
Year High87.125Year High Date2018-06-18
Year Low59.93Year Low Date2018-10-19
52wk High87.12552wk High Date2018-06-18
52wk Low59.9352wk Low Date2018-10-19
Year End Close49.68Average Volume1,147,945
Volatility35.58Payment Date2019-09-06
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