Trading Signals: MGA Stock Price Prediction and Forecast

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Mon. Jun. 1, 2020

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

(Magna International Inc.)
MGA latest price $43.7700 (3.77%) ($42.2800 - $44.2000) on Mon. Jun. 1, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.84% (three month average)
RSI   63
Latest Price   $43.7700(3.77%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGA advances 2.1% a day on average for past five trading days.
Weekly Trend   MGA advances 6.8% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MGA advance at 0% a week (0% probability)
IDRV(72%)    IWM(68%)    IWN(68%)    PAVE(68%)    IWD(67%)
Factors Impacting MGA price   MGA will decline at least -2.92% in a week (0% probabilities).
VIXM(-40%)    UUP(-31%)    VXX(-16%)    TLT(-11%)    SHY(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.92% (StdDev 5.84%)
Hourly BBV 0 ()
Intraday Trend 3.1%

5 Day Moving Average   $42.35(3.35%)
10 Day Moving Average   $40.92(6.96%)
20 Day Moving Average   $39.19(11.69%)
To recent high   -8.7%
To recent low   80.7%
Market Cap   $145.141b

$. MGA price fluctuates within 5.84% (three month std-dev: 5.84%) daily (68% of days).

Sample size 20 Average positive next day return: 2.49%(45%) Average negative next day return: -1.62%(55%) Sample size 20 Average positive next three day return: 3.06%(60%) Average negative next three day return: -3.71%(40%) Sample size 20 Average positive next weekly return: 7.1%(60%) Average negative next weekly return: -4.31%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200701

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	Jun_1_2020	41.56	39.19	40.92	42.35	42.51	42.58	43.77(3.77%)	UT	OpenLong	75	0.6	29	20	13	75	1.21	47%	-0.22	53.6	5.84%	0	2	63	1
2	May_29_2020	41.65	38.84	40.22	41.49	41.95	42.28	42.18(0.07%)	UT	OpenLong	75	0.3	19	90	7	54	1.26	47%	-0.31	52.5	5.87%	0	1.6	57	1.3
3	May_28_2020	41.78	38.66	39.69	40.92	41.28	42.44	42.15(-1.61%)	UD	OpenLong	75	0.6	23	220	15	46	1.02	47%	-0.29	59.7	5.92%	0	1.8	61	0.9
4	May_27_2020	41.9	38.54	39.09	40.42	40.48	41.61	42.84(5%)	UT	OpenLong	75	1.4	29	200	24	43	1.35	47%	-0.29	71.1	5.91%	0	2.4	68	1.5
5	May_26_2020	42.02	38.25	38.52	39.5	39.74	40.12	40.8(3.29%)	UT	OpenLong	75	0.9	15	90	11	28	0.75	47%	-0.59	76.6	5.89%	0	1.7	65	1.3

6	May_22_2020	42.27	38	38.3	39.3	39.74	39.35	39.5(0.51%)	UT	OpenLong	75	0.1	11	10	5	29	0.55	44%	-0.4	72.8	5.83%	0	1	61	1.2
7	May_21_2020	42.44	37.79	38.29	38.74	39.27	39.37	39.3(-0.91%)	UD	OpenLong	75	0.3	14	60	9	29	0.75	44%	-0.07	55.2	5.88%	0	0.9	58	1.1
8	May_20_2020	42.47	37.56	38.17	38.25	38.57	39.19	39.66(3.69%)	UT	OpenLong	75	0.8	14	140	11	21	1.25	44%	-0.38	46.6	5.88%	0	1.3	51	1.5
9	May_19_2020	42.63	37.33	37.85	37.53	37.71	39.18	38.25(-3.85%)	UD	OpenLong	75	0.4	12	290	15	2	3.28	45%	-0.4	34.7	5.86%	0	0.5	43	0.9
10	May_18_2020	42.8	37.15	37.66	37.39	37.11	37.95	39.78(8.33%)	N/A	N/A	0	1.4	12	140	17	-2	0.7	45%	-0.37	27.9	5.85%	0	1.5	57	1.4

11	May_15_2020	42.96	36.94	37.32	37.21	36.89	36.24	36.72(-0.27%)	DT	OpenShort	-75	-0.3	-10	-150	-9	-14	0.58	42%	-0.44	25.1	5.75%	0	-0.1	55	1
12	May_14_2020	43.15	36.92	37.36	37.8	37.51	36.27	36.82(2.08%)	DP	OpenShort	-75	-0.6	-15	-250	-18	-4	0.82	41%	-0.16	32.7	5.8%	0	-0.1	58	0.8
13	May_13_2020	43.22	36.8	37.57	38.09	38.36	37.54	36.07(-3.92%)	N/A	N/A	0	-1.2	-6	-130	-13	14	0.66	41%	-0.46	35.1	5.79%	0	-0.4	58	0.1
14	May_12_2020	43.42	36.75	37.57	38.17	38.66	38.74	37.54(-3.5%)	UD	OpenLong	75	-0.4	10	50	1	35	0.65	42%	-0.44	40.3	5.78%	0	0.5	60	1.2
15	May_11_2020	43.61	36.68	37.99	37.91	38.23	39.19	38.9(-1.99%)	UD	OpenLong	75	0.6	21	200	13	44	0.82	42%	-0.39	46.9	5.77%	0	1.3	66	2.3

16	May_8_2020	43.78	36.54	37.7	37.43	37.67	38.57	39.69(3.76%)	UT	OpenLong	75	1.3	25	190	20	41	1.21	42%	-0.39	60	5.73%	0	1.9	64	2
17	May_7_2020	43.95	36.37	37.25	36.9	36.97	37.27	38.25(4.94%)	UT	OpenLong	75	0.9	8	60	3	24	1.74	42%	-0.43	79.5	5.75%	0	1.2	57	1.4
18	May_6_2020	44.14	36.21	36.89	37.06	36.83	36.78	36.45(0.55%)	N/A	N/A	0	-0.4	-2	-30	-10	23	0.8	42%	-0.47	102	5.71%	0	0.2	60	0.8
19	May_5_2020	44.35	36.07	36.77	37.83	37.5	36.67	36.25(-0.74%)	UD	OpenLong	65	-1	4	-180	-8	38	0.91	42%	-0.45	115	5.71%	0	0.1	57	1.1
20	May_4_2020	44.55	35.89	36.63	38.06	38.2	36.89	36.52(-1.38%)	N/A	N/A	0	-0.9	0	-230	-12	37	0.69	43%	-0.42	110.1	5.72%	0	0.4	52	0.5

21	May_1_2020	44.74	35.56	36.55	37.95	38.39	38.32	37.03(-5.12%)	UD	OpenLong	65	-0.4	6	20	-5	37	0.76	43%	-0.42	80.3	5.68%	0	0.7	53	0.4
22	Apr_30_2020	44.93	35.21	36.46	37.58	38.03	39.51	39.03(-3.25%)	UD	OpenLong	75	0.6	29	310	24	42	1.52	42%	-0.35	62.2	5.65%	0	1.5	57	1.3
23	Apr_29_2020	45.09	34.77	35.98	36.67	36.94	38.45	40.34(7.92%)	UT	OpenLong	75	1.4	33	310	34	29	1.2	42%	-0.31	49.9	5.63%	0	2.1	67	1.7
24	Apr_28_2020	45.23	34.33	35.38	35.59	35.79	36.55	37.38(3.92%)	UT	OpenLong	75	0.8	16	170	18	9	1.92	40%	-0.35	48.7	5.54%	0	1.3	66	1.2
25	Apr_27_2020	45.39	34.04	35.23	35.05	35.28	35.44	35.97(2.22%)	UT	OpenLong	75	0.4	6	50	6	5	1.45	39%		59.8	5.51%	0	0.9	66	1.4
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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