Trading Signals: MGA Stock Price Prediction and Forecast

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Mon. Jan. 23, 2023

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

(Magna International Inc.)
MGA latest price $65.4600 (2.47%) ($64.0800 - $65.5100) on Mon. Jan. 23, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.07% (three month average)
RSI   83
Latest Price   $65.4600(2.47%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGA advances 0.4% a day on average for past five trading days.
Weekly Trend   MGA advances 4.3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MGA advance at 0% a week (0% probability)
IDRV(63%)    DRIV(61%)    IBUY(58%)    IWO(58%)    PEJ(58%)
Factors Impacting MGA price   MGA will decline at least -1.035% in a week (0% probabilities).
VIXM(-46%)    SHY(-21%)    UUP(-18%)    VXX(-13%)    GLD(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.035% (StdDev 2.07%)
Hourly BBV 1.6 ()
Intraday Trend 1.7%

5 Day Moving Average   $64.29(1.82%)
10 Day Moving Average   $63.44(3.18%)
20 Day Moving Average   $60.56(8.09%)
To recent high   0%
To recent low   24.7%
Market Cap   $217.065b

$. MGA price fluctuates within 5.38% (three month std-dev: 2.07%) daily (68% of days).

Sample size 50 Average positive next day return: 1.72%(46%) Average negative next day return: -1.55%(54%) Sample size 50 Average positive next three day return: 3.15%(48%) Average negative next three day return: -3.29%(52%) Sample size 50 Average positive next weekly return: 4.08%(58%) Average negative next weekly return: -3.64%(42%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Jan_23_2023	56.6	60.56	63.44	64.29	64.14	64.29	65.46(2.47%)	UT	HoldLong	65	0.4	54	10	27	136	0.5	73%	0.16	60.2	2.07%	1.6	1.5	83	-1.6
2	Jan_20_2023	56.51	60.11	63.04	64.02	64.06	63.4	63.88(1.2%)	UD	OpenLong	65	-0	23	-70	-14	135	0.62	73%	0.12	53.2	2.08%	0.4	1.1	74	-1.3
3	Jan_19_2023	56.44	59.71	62.65	64.04	64.02	63.99	63.12(-1.16%)	UD	OpenLong	65	-0.3	28	-0	-16	159	0.57	73%	0.11	47	2.09%	-1	1	77	-1.2
4	Jan_18_2023	56.38	59.4	62.3	63.87	64.1	64.73	63.86(-1.98%)	UD	OpenLong	75	-0	75	80	35	196	0.81	73%	0.09	42.7	2.09%	-1.1	1.3	74	-1.1
5	Jan_17_2023	56.33	59.05	61.69	63.32	63.36	64.05	65.15(1.69%)	UT	HoldLong	65	0.6	81	80	41	200	1.04	75%	0.07	37.7	2.07%	1.5	1.9	80	-1.6

6	Jan_13_2023	56.29	58.66	60.81	62.43	62.45	63.48	64.07(0.13%)	UT	HoldLong	65	0.6	73	120	37	181	0.7	76%	0.05	33.6	2.1%	0.9	1.9	79	-1.9
7	Jan_12_2023	56.26	58.41	60.12	61.94	61.78	62.66	63.99(2.71%)	UT	OpenLong	75	0.8	84	90	52	180	1.29	76%	0.07	35.7	2.13%	1.3	2.2	71	-1.6
8	Jan_11_2023	56.22	58.16	59.23	61.08	61.14	61.41	62.3(1.98%)	UT	OpenLong	75	0.5	61	30	31	149	0.71	75%	0.07	32.6	2.11%	1.3	1.8	69	-1.9
9	Jan_10_2023	56.18	58	58.59	60.51	60.44	60.9	61.09(0.61%)	UT	OpenLong	75	0.3	47	50	20	127	0.7	75%	0.05	29	2.11%	-0.6	1.5	62	-2.1
10	Jan_9_2023	56.15	57.84	58.03	59.79	59.92	60.86	60.72(-1.43%)	UD	OpenLong	75	0.5	64	120	48	113	1.22	75%	-0.04	13.2	2.12%	0.3	1.5	61	-2

11	Jan_6_2023	56.17	57.7	57.45	58.88	59.03	59.98	61.6(3.22%)	UT	OpenLong	75	1.5	56	120	50	74	1.17	69%	-0.02	-6.9	2.22%	1.5	2.1	59	-1.8
12	Jan_5_2023	56.18	57.5	56.91	58.02	57.94	58.99	59.68(0.37%)	UT	OpenLong	75	1	43	120	45	36	1.46	68%	-0.05	-32.9	2.19%	1.1	1.4	47	-1
13	Jan_4_2023	56.21	57.43	56.51	57.09	57.29	58.07	59.46(3.41%)	RB	SmallLong	20	1.5	36	110	49	-4	0.87	70%	-0.11	-55.2	2.2%	1.6	1.3	46	-0.9
14	Jan_3_2023	56.27	57.4	56.23	56.41	56.5	56.9	57.5(2.35%)	N/A	N/A	0	0.7	5	50	21	-45	1.07	70%	-0.28	-71.5	2.23%	1.3	0.1	40	-0.1
15	Dec_30_2022	56.43	57.57	56.17	56	56.06	56.52	56.18(-1.92%)	DP	OpenShort	-65	0.1	-4	60	16	-62	0.62	69%	-0.16	-69.4	2.27%	0.4	-0.8	42	1

16	Dec_29_2022	56.52	57.83	56.34	55.78	55.77	56.1	57.28(4.05%)	DP	OpenShort	-65	0.8	-4	40	18	-69	0.64	65%	-0.12	-67.3	2.28%	0	-0.3	45	-57.9
17	Dec_28_2022	56.59	58.03	56.54	55.63	55.41	55.61	55.05(-1.8%)	DT	OpenShort	-75	-0.3	-19	10	-1	-74	0.84	63%	-0.11	-65.6	2.3%	-1.5	-1.5	37	1.3
18	Dec_27_2022	56.65	58.3	57.01	55.82	55.58	55.43	56.06(1.1%)	DP	OpenShort	-75	0.1	-18	-30	-1	-67	0.75	63%	-0.19	-68.8	2.29%	1.2	-1.1	37	1.2
19	Dec_23_2022	56.76	58.49	57.36	56.03	55.79	55.22	55.45(0.73%)	DP	OpenShort	-75	-0.3	-35	-80	-23	-70	0.96	58%	-0.12	-71.2	2.29%	0	-1.5	32	1.3
20	Dec_22_2022	56.83	58.8	57.66	56.36	56.27	55.74	55.05(-2.65%)	DT	HoldShort	-65	-0.7	-42	-70	-31	-76	1.42	58%	-0.18	-71.1	2.36%	-0.8	-2	23	1.8

21	Dec_21_2022	56.93	59.14	58.02	56.97	56.88	56.37	56.55(0.96%)	DP	OpenShort	-75	-0.2	-37	-70	-25	-72	1.24	61%	-0.12	-69.3	2.34%	0.1	-1.5	25	1.6
22	Dec_20_2022	57	59.4	58.19	57.6	57.39	56.8	56.01(-1.86%)	DT	HoldShort	-65	-0.9	-44	-80	-34	-75	1.65	58%	-0.14	-64.9	2.35%	-1.1	-2	22	1
23	Dec_19_2022	57.08	59.68	58.49	58.37	58.18	57.39	57.07(-0.07%)	DT	OpenShort	-75	-0.8	-39	-100	-31	-62	1.75	58%	-0.12	-60.8	2.38%	-0.9	-1.7	36	1.8
24	Dec_16_2022	57.15	59.93	58.72	58.9	59.06	57.99	57.11(-1.69%)	DT	OpenShort	-75	-1.2	-34	-120	-28	-51	0.99	58%	-0.1	-56.2	2.4%	-1.2	-1.9	39	0.6
25	Dec_15_2022	57.21	60.16	59.13	59.13	59.37	58.96	58.09(-2.73%)	DT	OpenShort	-75	-0.8	-31	-40	-25	-47	1.28	58%		-49.3	2.4%	-1.2	-1.5	35	-0.8
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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