Stock Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Magna Intl Inc (TSE:MG)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MG
The long term trend has been DOWN since May 9th, 2019 at 63.18
The intermediate term trend has been DOWN since Jul 9th, 2019 at 61.07
The short term trend has been UP since Jul 12th, 2019 at 61.86
Smart Scan Analysis for MG
Based on a pre-defined weighted trend formula for chart analysis, MG scored -55 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|