Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Magna International Inc.

MG.TO Technical Analysis Summary (TSX)

Analyze MG.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MG.TO●TSX
Consumer CyclicalAuto - Parts
$92.48
$7.96(7.93%)
Canadian Market is Open · 12:53

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MG.TO Technical Analysis Summary (TSX)

Magna International Inc. (TSX: MG.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.80)
Trend Strength:Weak (ADX: 8.14)
Volatility:Medium (ATR: 2.94)
Support/Resistance:$94.29 – $100.62 (Bollinger Bands)

Technical conditions suggest Magna International Inc. on the TSX is awaiting a decisive move. Overall, Magna International Inc. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.80

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 49.92

Neutral
Mid-range signal with no clear trend.

Williams %R: -91.60

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -4.82

Bearish
Selling pressure outweighs buying.

Takeaway:Magna International Inc. shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.86

Bullish
Bullish, trend momentum is strengthening.

ADX: 8.14

Weak
Weak trend, market trading sideways.

ATR (14): 2.94

Medium
Medium volatility, healthy price movement.

CCI (14): -164.60

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Magna International Inc. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$100.62
Middle Band (SMA 20)
$97.45
Lower Band
$94.29
Current Position
Below Lower Band

Takeaway:Magna International Inc. trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$102.71
Middle Line (EMA 20)
$96.83
Lower Channel
$90.94
Squeeze Status
Squeeze On

Takeaway:Magna International Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.03M
Money Flow Index61.27Bullish, inflows support continued momentum.
Relative Vigor Index52.56Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MG.TO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Magna International Inc. (TSX: MG.TO), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Magna International Inc. are mixed, suggesting a Hold or wait-and-see approach.

(TSX: MG.TO) Technical Analysis FAQ