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Stock Trend Analysis Report
Prepared for you on Tuesday, October 15, 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.
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MarketClub’s Trade Triangles for MGA
The long-term trend has been DOWN since Mar 14th, 2024 at 52.605
The intermediate-term trend has been UP since Sep 24th, 2024 at 42.880
The short-term trend has been UP since Oct 9th, 2024 at 41.150
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 41.380 | 41.570 | 40.965 | 41.455 | +0.055 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.440 | 703511 | 2024-10-14 15:59:50 |
| Year High | 67.47 | Year High Date | 2018-05-21 |
| Year Low | 45.73 | Year Low Date | 2018-10-19 |
| 52wk High | 60.32 | 52wk High Date | 2023-12-27 |
| 52wk Low | 38.01 | 52wk Low Date | 2024-08-12 |
| Year End Close | 50.02 | Average Volume | 1,288,537 |
| Shares Outstanding | 402,264 | Short Interest | 3,775,093 |
| % Institutional | 78 | Market Cap | 16,740M |
| Assets | 319,860,000M | Liabilities | 203,620,000M |
| P/E Ratio | 12.07 | Beta | 1.24 |
| Volatility | 37.28 |