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Takip Edin: @UscMarketsMGA Stock Forecast & Magna International Chart Analysis
This article provides a detailed analysis of MGA-Magna International Inc. stock including a forecast for MGA shares. It features Magna International Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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MGA Historical Data Review
MGA Current Price Performance Analysis
The Magna International - MGA stock traded on the American stock market, on 06-05-2024, closed at 44.46$ with a %-0.11 decreased compared to the previous day.
In the last month, the price of MGA changed by %-4.55 decreased in value, from 46.58 dollars on 05-06-2024 to 44.46 dollars, decreased.
Last year, the price of MGA was 52.72 dollars on 06-06-2023, and changed by %-15.67 decreased in value, to 44.46 dollars decreased within a year.
The price of Magna International stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MGA with AI Stock Forecast & Price Target
On the MGA chart Magna International price was recorded as 44.46 Dollars on 06/05/2024.
The artificial intelligence's forecast on MGA stock is as follows.
The artificial intelligence's prediction error margin for MGA stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Magna International stock over the next 4 months is: 31.6 Dollars.
The commentary on MGA stock Target Price: Highest: 42.015 Dollars is predicted.
The commentary on MGA stock Target Price: Lowest: 26.632 Dollars is predicted.
Resistance Price where Magna International stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-08-2024 | 31.934 |
| 12-17-2024 | 33.648 |
| 02-25-2025 | 27.798 |
Support Price where Magna International stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 31.118 |
| 11-07-2024 | 30.668 |
| 02-10-2025 | 27.416 |
| 03-27-2025 | 26.632 |
The commentary on MGA stock: The target price can generally be said to be on the decline.
The commentary on MGA stock: Fluctuations in the target price can be expected in the coming days.
The target price for Magna International stock by the end of 2024 is predicted to be 32.941 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MGA stock, and the 2024 target price predictions for Magna International are detailed above.
The technical analysis and charts for the commentary on MGA stock are below.
MGA Support & Resistance and Trend Analysis
MGA stock you have reviewed the technical analysis support resistance charts regarding.
MGA : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MGA review, the Magna International support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Magna International Support and Resistance Prices:
| MGA Support Level Price | MGA Resistance Level Price |
|---|---|
| 44.73 | 48.18 |
| 46.11 | 50.18 |
| 51.90 | 55.52 |
| 52.61 | 55.73 |
| 52.91 | 56.12 |
| 53.01 | 56.40 |
| 53.30 | 58.97 |
| 59.18 | |
| 59.37 | |
| 60.32 |
MGA Technical Analysis: SMA, RSI, MACD
Upon reviewing the MGA chart, buy and sell signals have been generated in the Magna International technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MGA stock are as follows:- MGA technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Magna International gave a 'Buy' signal when the RSI was at 29.625, with the current RSI value at 23.741.
- The technical analysis for Magna International indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Magna International stock: Click here to read more predictions on PetroChina Company Limited stock.
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