Magna International Stock Technical Analysis

MGA Stock  USD 54.54  1.03  1.92%   
As of the 28th of March, Magna International secures the Mean Deviation of 1.28, risk adjusted performance of (0.02), and Standard Deviation of 1.83. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magna International, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Magna International, which can be compared to its peers in the industry. Please verify Magna International information ratio, as well as the relationship between the value at risk and kurtosis to decide if Magna International is priced some-what accurately, providing market reflects its recent price of 54.54 per share. Given that Magna International has information ratio of (0.12), we recommend you to check Magna International's last-minute market performance to make sure the company can sustain itself at a future point.

Magna International Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Magna, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Magna
  
Magna International's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Magna International Analyst Consensus

Target PriceAdvice# of Analysts
66.78Buy20Odds
Magna International current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Magna analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Magna stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Magna International, talking to its executives and customers, or listening to Magna conference calls.
Magna Analyst Advice Details
Magna International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Magna International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magna International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Magna International Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Magna International volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Magna International Trend Analysis

Use this graph to draw trend lines for Magna International. You can use it to identify possible trend reversals for Magna International as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Magna International price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Magna International Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Magna International applied against its price change over selected period. The best fit line has a slop of   0.05  , which may imply that the returns on investment in Magna International will continue to fail. It has 122 observation points and a regression sum of squares at 79.62, which is the sum of squared deviations for the predicted Magna International price change compared to its average price change.

About Magna International Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Magna International on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Magna International based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Magna International price pattern first instead of the macroeconomic environment surrounding Magna International. By analyzing Magna International's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Magna International's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Magna International specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio16.0727.5613.6910.84
Short Term Coverage Ratios4.032.231.861.77

Magna International March 28, 2024 Technical Indicators

Most technical analysis of Magna help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Magna from various momentum indicators to cycle indicators. When you analyze Magna charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Magna International March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Magna stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Magna International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magna International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magna International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magna International Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.
Note that the Magna International information on this page should be used as a complementary analysis to other Magna International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Magna International's price analysis, check to measure Magna International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magna International is operating at the current time. Most of Magna International's value examination focuses on studying past and present price action to predict the probability of Magna International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna International's price. Additionally, you may evaluate how the addition of Magna International to your portfolios can decrease your overall portfolio volatility.
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Is Magna International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magna International. If investors know Magna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magna International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.882
Dividend Share
1.855
Earnings Share
4.23
Revenue Per Share
149.535
Quarterly Revenue Growth
0.093
The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magna International's market value can be influenced by many factors that don't directly affect Magna International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.