Magna International Stock Momentum Indicators Aroon
| MG Stock | CAD 63.05 1.41 2.29% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Aroon Indicator was developed by Tushar S. Chande to indicate when a new trend is dawning. The indicator consists of two lines that measure how long it has been since the highest high/lowest low has occurred within an (N) period range. When Magna International Aroon Up is staying between 70 and 100 then it indicates an upward trend. When the Aroon Down is staying between 70 and 100 then it indicates an downward trend. A strong upward trend is indicated when the Aroon Up is above 70 while the Aroon Down is below 30. When Magna International Aroon Down crosses above the Aroon Up, it indicates a weakening of the upward trend (and vice versa).
Magna International Technical Analysis Modules
Most technical analysis of Magna International 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 other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Volume Indicators |
About Magna International Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magna International. We use our internally-developed statistical techniques to arrive at the intrinsic value of Magna International based on widely used predictive technical indicators. In general, we focus on analyzing Magna Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Magna International's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Magna International's intrinsic value. In addition to deriving basic predictive indicators for Magna International, we also check how macroeconomic factors affect Magna International price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0209 | 0.0303 | 0.0309 | Price To Sales Ratio | 0.67 | 0.43 | 0.4 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magna International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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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 closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Magna Stock, please use our How to Invest in Magna International guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.