Magna International Technical Analysis (NYSE:MGA)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A MGA stock chart pattern can give those who understand technical analysis an indication of which way MGA stock is headed, but cannot predict with 100% certainty as to what can happen to the Magna International stock price.
See Magna International bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Magna International stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Magna International Moving Average:
Moving averages show the average price of MGA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling MGA moving average implies that Magna International stock price is falling.
Magna International Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Magna International. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Magna International bollinger bands show that the stock price is $53.33, upper band is 23.38, lower band is 22.07, and the average is 22.73.
Magna International Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Magna International MACD indicator can be used to identify bullish and bearish trends for the stock.
Magna International Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of MGA stock is 96.59. .