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Magna International, Inc. (MGA) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Auto Parts:O.E.M.
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingBearish EngulfingWed, 08 Nov 20170.26%
***Stock database and scans are updated around midnight (New York time) every trading day.
53.54 0.00 (0%) Nov 17 4:00pm EST
Open: 53.22 Range: 53.15 - 53.76 Vol: 996.99K Avg Vol: 1.36M
EPS: 5.53 P/E ratio: 9.86 EBITDA: 4.01B Mkt Cap: 20.18B
Analyze "MGA" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 53.15
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 54.17
Last Trade is below the 50 day moving average at 53.54
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 46.96
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MGA

Stock Trend Analysis - Buy, Sell or Hold "Magna International, Inc." (MGA)?

MGA is in a very strong uptrend. In the last 52 weeks, MGA has been trading above the 200 day moving average for 90% of the time with an average daily volume of 1.4M shares being traded. In the medium term, the 50 day moving average, currently at 53.54 for MGA is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading but still with a bullish bias. MGA may experience some profit taking due to its strong performance thus far, so it may be prudent to lighten up on strength or sudden upward momentum. A good area to re-enter MGA is near the 200 SMA currently at 46.96. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MGA".

The analyst consensus estimates for the 1 year price target for this stock is $57.41* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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