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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 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
53.34 53.68 52.77 52.86 -0.75
Entry Signal

MarketClub’s Trade Triangles for MGA

long term up The long-term trend has been UP since Jul 3rd, 2023 at 57.260

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 55.075

short term up The short-term trend has been UP since Sep 29th, 2023 at 54.100

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
53.34 53.68 52.77 52.86 -0.75
Prev. Close Volume Bid Ask Time
53.61 474622 2023-10-02 15:59:57
Year High67.47Year High Date2018-05-21
Year Low45.73Year Low Date2018-10-19
52wk High68.9252wk High Date2023-02-02
52wk Low45.5852wk Low Date2022-10-13
Year End Close50.02Average Volume946,319
Shares Outstanding402,264Short Interest3,775,093
% Institutional78Market Cap16,740M
P/E Ratio35.2697Beta1.24
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