Trading Signals: MGA Stock Price Prediction and Forecast

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Thu. Jul. 6, 2023

Trading Signals: MGA Stock Price Prediction and Forecast (Tue. Jan. 19, 2016 - Fri. Oct. 27, 2023)

(Magna International Inc.)
MGA latest price $57.7300 (2.21%) ($56.5400 - $58.5590) on Thu. Jul. 6, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.08% (three month average)
RSI   56
Latest Price   $57.7300(2.21%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGA advances 0.9% a day on average for past five trading days.
Weekly Trend   MGA advances 1% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support MGA advance at 0% a week (0% probability)
IVE(66%)    IWM(66%)    IWO(66%)    IYT(66%)    PAVE(65%)
Factors Impacting MGA price   MGA will decline at least -1.04% in a week (0% probabilities).
VIXM(-50%)    VXX(-49%)    UUP(-26%)    TBT(-16%)    SHY(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.04% (StdDev 2.08%)
Hourly BBV 0.7 ()
Intraday Trend 1.3%

5 Day Moving Average   $56.81(1.62%)
10 Day Moving Average   $55.37(4.26%)
20 Day Moving Average   $55.03(4.91%)
To recent high   0%
To recent low   19.4%
Market Cap   $191.433b

$. MGA price fluctuates within 3% (three month std-dev: 2.08%) daily (68% of days).

Sample size 50 Average positive next day return: 1.34%(46%) Average negative next day return: -0.98%(54%) Sample size 50 Average positive next three day return: 1.8%(52%) Average negative next three day return: -2.13%(48%) Sample size 50 Average positive next weekly return: 2.81%(44%) Average negative next weekly return: -3.2%(56%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230806

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_6_2023	53.25	55.03	55.37	56.81	56.93	57.14	57.73(2.21%)	UT	OpenLong	75	0.6	24	30	20	35	1.66	57%	0.02	104	2.08%	0.7	1.6	56	-0.6
2	Jul_5_2023	53.24	54.69	55.1	56.33	56.49	56.9	56.48(-1.83%)	UD	OpenLong	75	0.1	20	60	18	27	0.81	55%	-0.04	98.3	2.06%	-0.6	1.1	59	0.9
3	Jul_3_2023	53.26	54.43	54.99	55.95	56.01	56.73	57.53(1.93%)	UT	OpenLong	75	0.9	41	90	42	37	0.44	55%	0.06	82.8	2.07%	0	1.7	65	1.2
4	Jun_30_2023	53.23	54	54.99	55.09	55.27	56.07	56.44(1.02%)	UT	OpenLong	75	0.7	44	110	48	33	0.6	58%	-0.15	64.3	2.08%	1.2	1.4	64	1
5	Jun_29_2023	53.31	53.61	54.88	54.2	54.34	55.28	55.87(0.98%)	UT	OpenLong	75	0.8	35	130	40	21	0.65	58%	-0.19	34.4	2.07%	1.1	1.1	61	1

6	Jun_28_2023	53.41	53.36	54.85	53.72	53.5	54.48	55.33(1.39%)	UT	OpenLong	75	0.7	26	120	29	18	0.66	58%	-0.19	21.6	2.08%	1.3	0.8	62	1.2
7	Jun_27_2023	53.51	53.17	54.73	53.71	53.29	53.39	54.57(2.54%)	UT	OpenLong	75	0.4	16	-10	12	26	0.7	58%	-0.21	19.1	2.07%	1.6	0.6	66	1.1
8	Jun_26_2023	53.62	52.98	54.61	53.92	53.62	52.52	53.22(2.29%)	N/A	N/A	0	-0.3	-25	-160	-41	23	0.66	56%	-0.26	18	2.05%	0.6	0.1	61	1
9	Jun_23_2023	53.76	52.87	54.62	54.68	54.34	53.19	52.03(-2.69%)	CR	SmallShort	-20	-1.1	-39	-170	-71	57	0.83	53%	-0.3	24.3	2.04%	-1.4	-0.3	67	1.1
10	Jun_22_2023	53.92	52.9	54.78	55.62	55.49	54.72	53.47(-3.27%)	UD	OpenLong	65	-0.9	6	-100	-36	130	0.86	57%	-0.28	36.5	2.02%	-1.9	0.2	74	1.4

11	Jun_21_2023	54.07	52.86	54.74	56.09	56.04	55.5	55.28(-0.59%)	UD	OpenLong	65	-0.3	33	-70	-14	172	0.46	61%	-0.18	40.3	1.98%	-0.7	1	66	1.3
12	Jun_20_2023	54.17	52.72	54.33	55.85	56	56.25	55.61(-2.42%)	UD	OpenLong	75	-0.1	48	40	7	172	0.98	61%	-0.33	39.3	2%	-0.6	1.2	64	1.2
13	Jun_16_2023	54.35	52.55	53.9	55.38	55.53	56.59	56.99(0.41%)	UT	OpenLong	75	0.7	83	140	50	182	0.92	65%	-0.09	35.2	1.98%	1.1	2	71	1.6
14	Jun_15_2023	54.4	52.29	53.08	54.57	54.6	55.76	56.76(1.7%)	UT	OpenLong	75	1.1	80	150	57	150	0.86	60%	-0.2	27.9	1.99%	0	2.2	69	1.2
15	Jun_13_2023	54.51	52.01	52.24	53.84	53.84	54.48	55.81(3.2%)	UT	OpenLong	75	1.2	59	80	45	100	0.95	60%	-0.18	17.9	2.02%	1.5	2.3	59	1.3

16	Jun_12_2023	54.61	51.87	51.71	53.22	53.31	53.45	54.08(1.58%)	UT	OpenLong	75	0.6	36	20	26	65	0.61	56%	-0.18	5	2%	1.6	1.5	54	1.4
17	Jun_9_2023	54.71	51.77	51.43	52.58	52.81	53.2	53.24(0.55%)	UT	OpenLong	75	0.5	21	60	16	34	0.64	52%	-0.18	-12.5	2.02%	-0.2	1.1	51	1.7
18	Jun_8_2023	54.81	51.76	51.16	52.17	52.3	53.17	52.95(-0.34%)	UD	OpenLong	75	0.6	40	120	45	23	0.49	52%	-0.2	-10.9	2.05%	0.1	0.9	51	2
19	Jun_7_2023	54.92	51.73	50.94	51.33	51.59	52.42	53.13(0.78%)	N/A	N/A	0	1.3	43	130	59	-5	0.96	52%	-0.24	-25.1	2.05%	1.2	1	52	2.2
20	Jun_6_2023	55.05	51.72	50.83	50.38	50.51	51.42	52.72(3.66%)	N/A	N/A	0	1.7	13	130	32	-43	0.98	52%	-0.04	-40.7	2.06%	2.2	0.7	53	2.4

21	Jun_5_2023	55.07	51.79	50.79	50	49.89	50.77	50.86(-0.63%)	N/A	N/A	0	0.6	3	120	25	-65	0.68	48%	-0.25	-37.4	2%	0.6	-0.6	39	2.3
22	Jun_2_2023	55.21	51.94	50.96	50.13	49.98	49.6	51.18(4.96%)	DP	OpenShort	-65	0.7	-7	-60	13	-65	1.33	48%	-0.23	-28.8	2.01%	1.6	-0.5	45	2.2
23	Jun_1_2023	55.34	51.91	51.07	50.04	50.2	49.01	48.76(0.83%)	DP	OpenShort	-75	-0.8	-65	-160	-52	-104	1.23	40%	-0.25	-34.4	1.91%	-0.5	-2	30	2
24	May_31_2023	55.48	52.08	51.44	50.47	50.71	50.36	48.36(-4.84%)	DT	OpenShort	-75	-1.5	-61	-30	-51	-91	1.37	40%	-0.23	-31.5	1.94%	-1.4	-2.7	32	1.2
25	May_30_2023	55.61	52.28	51.82	51.3	51.22	51.4	50.82(-1.42%)	DT	OpenShort	-75	-0.4	-17	20	-4	-55	0.93	47%		-19.5	1.86%	-0.8	-1.3	38	1.3
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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