(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 2024-01-22 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2238010
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 19.78 | 19.55 | 19.93 | 19.41 | 0.849 times |
| 19 Fri Jan 2024 | 19.61 | 19.55 | 19.61 | 19.16 | 1.071 times |
| 18 Thu Jan 2024 | 19.59 | 19.63 | 19.67 | 19.36 | 0.91 times |
| 17 Wed Jan 2024 | 19.60 | 19.59 | 19.79 | 19.46 | 1.089 times |
| 16 Tue Jan 2024 | 19.86 | 20.26 | 20.30 | 19.78 | 1.139 times |
| 12 Fri Jan 2024 | 20.40 | 20.61 | 20.64 | 20.29 | 1.22 times |
| 12 Fri Jan 2024 | 20.40 | 20.61 | 20.64 | 20.29 | 1.22 times |
| 11 Thu Jan 2024 | 20.16 | 20.36 | 20.40 | 20.03 | 0.823 times |
| 10 Wed Jan 2024 | 20.26 | 20.60 | 20.60 | 20.08 | 0.928 times |
| 09 Tue Jan 2024 | 20.57 | 20.90 | 20.90 | 20.33 | 0.722 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.9, but if it comes above 19.9, then a intra day buy could be more profitable.
If you take a sell trade below 19.9, then use 19.9 as stoploss and 19 as target. However if you take a buy trade in stock , then use 19.9 as stoploss and 20.73 as target.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 19.16 |
| Upside Target | 19.93 |
| Upside Target | 20.85 |
| Upside Target | 20.94 |
| 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 | 19.48 |
| Downside Intraday Target | 19.19 |
| Upside Intraday Target | 20 |
| Upside Intraday Target | 20.23 |
| Downside Intraday Target | 19.71 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 19.78 | 19.55 | 19.93 | 19.41 | 0.202 times |
| 19 Fri Jan 2024 | 19.61 | 20.26 | 20.30 | 19.16 | 3.45 times |
| 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 |
Price has moved up 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 |
| 22 Mon Jan 2024 | 19.78 | 21.42 | 21.93 | 19.16 | 0.731 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 Strong and stock is losing 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 moving up
CCI has generated a buy signal for Magnolia Oil 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 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 20.02 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 Strong and stock is losing 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 moving up
CCI has generated a buy signal for Magnolia Oil 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 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 20.02 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.