Magna International Inc. is currently positioned within the Automotive sector, which ranks 13 out of 31 sectors in the SIA Sector Report and sits in the neutral yellow zone. The sector has moved up seven positions over the past month, suggesting relative conditions have been improving. This report reviews Magna International’s current technical structure, relative positioning within the index, and performance versus its benchmark.
Magna International carries an SIA SMAX Score of 9 out of 10, reflecting strong alignment across SIA technical and relative strength measures. Within the SIA S&P/TSX 60 Index Report, the stock is currently positioned at 22 out of 60, remaining in the neutral zone of the report. Relative movement shows the stock has advanced four spots over the past month and ten spots over the past quarter, which may indicate gradually improving relative momentum.
From a technical perspective, 3-box reversal support is identified at $73.07, with additional support levels noted at $59.94 and $46.34. At current levels, price action is encountering a zone of initial resistance between $80.67 and $82.29. Further upside resistance, based on vertical count methodology derived from prior consolidation, is identified at $98.34, with a secondary vertical count projecting resistance near $108.58. The most recent signal is a double top, which may suggest continued participation if prevailing conditions remain intact.
Performance metrics show monthly, quarterly, and yearly returns of 9.91%, 25.57%, and 41.77%, respectively. By comparison, the S&P/TSX 60 Index recorded monthly, quarterly, and yearly returns of 3.68%, 7.62%, and 30.28%, indicating relative outperformance across all measured periods.
Magna International Inc. is a Canada-based global automotive supplier that designs and manufactures vehicle systems, components, and complete vehicles for major global automakers. Its operations span body and chassis systems, seating, electronics, advanced driver assistance systems, and electrified powertrain technologies across facilities in multiple countries. The company’s performance may continue to be influenced by global vehicle production trends, the pace of electrification, and broader conditions within the automotive supply chain.
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