Magna International, Inc. (NYSE:MGA) Dropped -2.5% – Here’s Why

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In its most recent trading session, Magna International, Inc. (NYSE:MGA) dropped by -2.5% – here is what that looked like (as of 2019-12-04):

Why are these moves happning?? To have a greater insight of what is happening, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.031, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.586, an Accumulation/Distribution Index (ADI) of 0.586, an On-Balance Volume (OBV) of 1075.08, and a Chaiikin Money Flow (CMF) of 55.35. 16.8

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Magna International, Inc. (NYSE:MGA). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.