Box on $MGAThe hourly chart shows a bullish Alert coming right before a bullish crossover.
Positive price action above $55.11
5.71CAD
1.64 BCAD
57.81 BCAD
268.53 M
About MAGNA INTERNATIONAL INC
Sector
Industry
CEO
Seetarama Kotagiri
Website
Headquarters
Aurora
Employees (FY)
179 K
Founded
1957
ISIN
CA5592224011
FIGI
BBG0086K17N9
Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power & Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.
MGA - Horizontal Horizontal shows two periods of resistance and one of support
The one of support is the most recent and should be considered as a bullish sign.
I have labelled the points.
$MGA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MGA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
$MGA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MGA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
All Gaps Must FillA gap from Dec 2020 was closed in trading yesterday.
It would seem that asset managers are liquidating assets of companies with large manufacturing operations in Russia.
Magna has 2,500 employees in Russia in 6 facilities.
Russia conflict is likely to add even more supply chain constraints for au
MGA - ascending triangle formation. 100.00 breakout Nice looking technical formation. Breakout + Volume increases. Holding 20MA and 50MA.
Stop Loss 96.00, may consider to cut some loses if it drops under 100.00.
Take profit 110 - 115.
MGA : BLUE SKY / SWING TRADEMagna has an impressive 63-year storied history which includes countless innovative collaborations within the auto industry. Over the six decades, Magna has developed the expansive core competencies across all components and manufacturing processes that make up the complete automobile. Not only does
Apple Car - Magna Internationalsince the original rumors regarding the Apple electric car being assembled by the canadian-owned Magna Company the company stocks have been on the rise. The expectancy went a little bit too far and a divergence in the MACD has currently formed. After a light price correction, the Price might go high
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Frequently Asked Questions
The current price of MG is 67.67 CAD — it has decreased by 1.05% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NEO exchange MAGNA INTERNATIONAL INC stocks are traded under the ticker MG.
MAGNA INTERNATIONAL INC is going to release the next earnings report on May 3, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for MAGNA INTERNATIONAL INC has a max estimate of 95.71 CAD and a min estimate of 70.58 CAD.
MG earnings for the last quarter are 2.00 CAD whereas the estimation was 1.83 CAD which accounts for 9.05% surprise. Estimated earnings for the next quarter are 1.97 CAD. See more details about MAGNA INTERNATIONAL INC earnings.
MAGNA INTERNATIONAL INC revenue for the last quarter amounts to 14.61 B CAD despite the estimated figure of 14.20 B CAD. In the next quarter revenue is expected to reach 14.11 B CAD.
Yes, you can track MAGNA INTERNATIONAL INC financials in yearly and quarterly reports right on TradingView.
Like other stocks, MG shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MAGNA INTERNATIONAL INC stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 16, 2024, the company has 179.00 K employees. See our rating of the largest employees — is MAGNA INTERNATIONAL INC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MAGNA INTERNATIONAL INC EBITDA is 5.04 B CAD, and current EBITDA margin is 9.16%. See more stats in MAGNA INTERNATIONAL INC financial statements.