Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-23 View latest technical analysis

10 day averaged volume of Magenta is 14400

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	29.50	29.50	29.50	29.50	0.556 times
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

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 28 as target. However if you take a buy trade in stock , then use 29.6 as stoploss and 30.86 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	32.34
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	29.5
Downside Intraday Target	29.5
Downside Intraday Target	29.5
Downside Intraday Target	29.5
Downside Intraday Target	29.5

Weekly technical analysis of Magenta (Magenta)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	29.50	29.50	29.50	29.50	0.4 times
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

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
23 Wed Oct 2024	29.50	30.10	30.10	28.51	0.119 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 losing 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 coming down

CCI has generated a SELL signal for Magenta in short term

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 29.93 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.