(MGY) Magnolia Oil complete technical analysis [charts+indicators] | Buy/Sell Magnolia Oil | (MGY) share price targets
Complete technical analysis of Magnolia Oil (MGY) by charts plus indicators, forecast predictions and share price targets for Magnolia Oil (MGY)
Magnolia Oil trades in USA in Energy sector.
Showing technical analysis as on 2024-01-12 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1990830
Date | Daily Closing Price | Open | High | Low | Volume |
12 Fri Jan 2024 | 20.40 | 20.61 | 20.64 | 20.29 | 1.372 times |
12 Fri Jan 2024 | 20.40 | 20.61 | 20.64 | 20.29 | 1.372 times |
11 Thu Jan 2024 | 20.16 | 20.36 | 20.40 | 20.03 | 0.925 times |
10 Wed Jan 2024 | 20.26 | 20.60 | 20.60 | 20.08 | 1.043 times |
09 Tue Jan 2024 | 20.57 | 20.90 | 20.90 | 20.33 | 0.811 times |
08 Mon Jan 2024 | 20.90 | 20.59 | 20.94 | 20.42 | 0.986 times |
05 Fri Jan 2024 | 21.03 | 21.01 | 21.12 | 20.75 | 0.845 times |
04 Thu Jan 2024 | 20.90 | 21.78 | 21.88 | 20.88 | 0.963 times |
03 Wed Jan 2024 | 21.74 | 21.48 | 21.93 | 21.29 | 1.029 times |
02 Tue Jan 2024 | 21.49 | 21.42 | 21.89 | 21.32 | 1.014 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.6, but if it comes above 20.6, then a intra day buy could be more profitable.
If you take a sell trade below 20.6, then use 20.6 as stoploss and 19.9 as target. However if you take a buy trade in stock , then use 20.6 as stoploss and 21.23 as target.
Share price targets for Magnolia Oil (MGY)
Target Type | Value |
Downside Target | 20.03 |
Upside Target | 21.58 |
Upside Target | 21.93 |
Upside Target | 22.19 |
Upside Target | 22.31 |
Upside Target | 23.34 |
Upside Target | 23.90 |
Upside Target | 24.02 |
Intraday share price targets for Magnolia Oil (MGY)
Target Type | Value |
Downside Intraday Target | 20.25 |
Downside Intraday Target | 20.09 |
Upside Intraday Target | 20.6 |
Upside Intraday Target | 20.79 |
Upside Intraday Target | 20.44 |
Weekly technical analysis of Magnolia Oil (MGY)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Fri Jan 2024 | 20.40 | 20.61 | 20.64 | 20.29 | 0.267 times |
12 Fri Jan 2024 | 20.40 | 20.59 | 20.94 | 20.03 | 1.334 times |
05 Fri Jan 2024 | 21.03 | 21.42 | 21.93 | 20.75 | 3.81 times |
29 Fri Dec 2023 | 21.29 | 21.55 | 21.58 | 21.20 | 0.308 times |
29 Fri Dec 2023 | 21.29 | 21.95 | 22.31 | 21.20 | 0.722 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 Magnolia Oil (MGY)
Date | Monthly Closing Price | Open | High | Low | Volume |
12 Fri Jan 2024 | 20.40 | 21.42 | 21.93 | 20.03 | 0.472 times |
29 Fri Dec 2023 | 21.29 | 21.47 | 22.31 | 20.16 | 1.034 times |
30 Thu Nov 2023 | 21.50 | 22.46 | 23.34 | 20.59 | 1.033 times |
31 Tue Oct 2023 | 22.45 | 22.87 | 23.90 | 20.85 | 1.035 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 Magnolia Oil (MGY)
Price action analysis of Magnolia Oil ( (MGY) ) 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
Magnolia Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 Magnolia Oil in short term
RSI is generating a SELL signal in short term but selling is losing 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 Magnolia Oil is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 20.76 and Magnolia Oil (MGY) 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 Magnolia Oil (MGY) stock. Volume based technical analysis of Magnolia Oil (MGY) stock is negative.
Magnolia Oil 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil ( (MGY) ) 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 Magnolia Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
Magnolia Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 Magnolia Oil in short term
RSI is generating a SELL signal in short term but selling is losing 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 Magnolia Oil is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 20.76 and Magnolia Oil (MGY) 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 Magnolia Oil (MGY) stock. Volume based technical analysis of Magnolia Oil (MGY) stock is negative.
Magnolia Oil 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.