Magna International Technical Analysis (NYSE:MGA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Magna International stock price data and volume are plotted in MGA stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Magna International. The technical analysis form of Magna International stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Magna International Moving Average
Moving averages show the MGA stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $55.23 is below the last closing price of $56.5 and the 50 day moving average of $56.75 is above the last closing price of $56.5. The 10 and 20 day periods can predict short term moving average trends.
Magna International Bollinger Bands
Bollinger bands comprise of a center line usually MGA SMA, and two MGA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Magna International bollinger bands.
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 is below 0 indicating a bearish trend.
Magna International Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 58.92 is the RSI value of MGA stock.