(Magenta) Magenta complete technical analysis [charts+indicators] | Buy/Sell Magenta | (Magenta) share price targets
Complete technical analysis of Magenta (Magenta) by charts plus indicators, forecast predictions and share price targets for Magenta (Magenta)
Showing technical analysis as on 2024-10-18 View latest technical analysis
10 day averaged volume of Magenta is 14400
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 29.50 | 29.50 | 29.50 | 29.50 | 0.278 times |
| 03 Thu Oct 2024 | 28.70 | 30.10 | 30.10 | 28.51 | 1.111 times |
| 27 Fri Sep 2024 | 31.20 | 31.20 | 31.20 | 31.20 | 0.278 times |
| 26 Thu Sep 2024 | 31.20 | 34.85 | 34.85 | 31.20 | 1.944 times |
| 25 Wed Sep 2024 | 30.25 | 29.95 | 30.25 | 29.90 | 1.944 times |
| 23 Mon Sep 2024 | 28.70 | 29.60 | 29.60 | 28.50 | 1.389 times |
| 20 Fri Sep 2024 | 29.65 | 29.65 | 29.65 | 29.65 | 0.556 times |
| 19 Thu Sep 2024 | 29.63 | 29.50 | 30.50 | 29.50 | 1.389 times |
| 17 Tue Sep 2024 | 30.96 | 30.20 | 30.96 | 30.20 | 0.556 times |
| 13 Fri Sep 2024 | 32.00 | 32.20 | 32.20 | 32.00 | 0.556 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29.6, but if it comes above 29.6, then a intra day buy could be more profitable.
If you take a sell trade below 29.6, then use 29.6 as stoploss and 27.9 as target. However if you take a buy trade in stock , then use 29.6 as stoploss and 31.08 as target.
Share price targets for Magenta (Magenta)
| Target Type | Value |
| Downside Target | 28.50 |
| Downside Target | 29.50 |
| Upside Target | 30.96 |
| Upside Target | 32.20 |
| Upside Target | 33.40 |
| Upside Target | 34.85 |
| Upside Target | 36.85 |
| Upside Target | 38.88 |
| Upside Target | 42.15 |
| Upside Target | 45.89 |
| Upside Target | 60.29 |
Intraday share price targets for Magenta (Magenta)
| Target Type | Value |
| Downside Intraday Target | 28.64 |
| Downside Intraday Target | 27.78 |
| Upside Intraday Target | 30.23 |
| Upside Intraday Target | 30.96 |
| Downside Intraday Target | 29.37 |
Weekly technical analysis of Magenta (Magenta)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 29.50 | 30.10 | 30.10 | 28.51 | 0.25 times |
| 27 Fri Sep 2024 | 31.20 | 29.60 | 34.85 | 28.50 | 2.222 times |
| 20 Fri Sep 2024 | 29.65 | 30.20 | 30.96 | 29.50 | 0.643 times |
| 13 Fri Sep 2024 | 32.00 | 30.50 | 32.20 | 30.00 | 0.875 times |
| 06 Fri Sep 2024 | 31.00 | 32.70 | 33.40 | 31.00 | 0.8 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Magenta (Magenta)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 29.50 | 30.10 | 30.10 | 28.51 | 0.085 times |
| 27 Fri Sep 2024 | 31.20 | 32.70 | 34.85 | 28.50 | 0.608 times |
| 30 Fri Aug 2024 | 32.68 | 37.16 | 38.88 | 32.34 | 0.299 times |
| 31 Wed Jul 2024 | 37.16 | 45.89 | 45.89 | 36.85 | 0.35 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Magenta (Magenta)
Price action analysis of Magenta ( (Magenta) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Magenta ( (Magenta) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magenta ( (Magenta) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Magenta ( (Magenta) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magenta stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Magenta in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magenta Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Magenta in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Magenta is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 30.07 and Magenta (Magenta) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Magenta (Magenta) stock. Volume based technical analysis of Magenta (Magenta) stock is negative.
Magenta Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Magenta ( (Magenta) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Magenta ( (Magenta) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magenta ( (Magenta) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Magenta ( (Magenta) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magenta stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Magenta in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magenta Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Magenta in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Magenta is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 30.07 and Magenta (Magenta) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Magenta (Magenta) stock. Volume based technical analysis of Magenta (Magenta) stock is negative.
Magenta Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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