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MGA stock – Magna International Inc sideways range & retest history

NYSE

On the weekly chart, NasdaqScan last detected a sideways range retest in MGA in the week of 11 Aug 2024.

Since 2020, NasdaqScan has found 2 sideways ranges in MGA. The completed range lasted 1449 days. It broke downward.

The pattern: price breaks out below a long sideways range, the pullback back into the range fails, and price comes back to retest the low. Traders also call this a spring. NasdaqScan flags the weekly candle that makes the retest.

Weekly chart: each candle is one week of trading, and every date on this page is the week it falls in.

Gold dashed bands mark earlier sideways ranges, from their first swing to where they broke. Pick a range in the table below to zoom the chart to it.

Sideways ranges

RangeStartedEndedHow it endedRetest signals (week of)
20 Sept 20208 Sept 2024 (1449 days)Broke below the range at $38.0511 Aug 2024 (BO accepted)
16 Feb 2020Open——

Retest signals detected

  • Week of 11 Aug 2024: retest of the low after a breakout below a sideways range, 1421 days after the range began (BO accepted)

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.

← All current retest signals