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Stock Trend Analysis Report

Prepared for you on Wednesday, December 7, 2022.

Magna International, Inc. (NYSE:MGA)

Long-Term Downtrend (-90) - MGA is in a strong downtrend that is likely to continue. While MGA 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 MGA?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGA.

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NYSE_MGA
Open High Low MGA Price Change
59.48 60.01 58.00 58.76 -0.49
Entry Signal

MarketClub’s Trade Triangles for MGA

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 74.53

intermediate term down The intermediate-term trend has been DOWN since Dec 5th, 2022 at 59.56

short term down The short-term trend has been DOWN since Dec 5th, 2022 at 60.03

Smart Scan Analysis for MGA

Based on our trend formula, MGA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.48 60.01 58.00 58.76 -0.49
Prev. Close Volume Bid Ask Time
58.74 1217042 2022-12-06 15:59:54
Year High67.47Year High Date2018-05-21
Year Low45.73Year Low Date2018-10-19
52wk High90.1552wk High Date2022-01-13
52wk Low45.5852wk Low Date2022-10-13
Year End Close50.02Average Volume1,160,452
Shares Outstanding402,264Short Interest3,775,093
% Institutional78Market Cap16,740M
Assets266,670,000MLiabilities162,260,000M
P/E Ratio26.2168Beta1.24
Volatility37.28
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