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(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 2024-01-30 View latest technical analysis

10 day averaged volume of Magnolia Oil is 2425620

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	21.38	20.76	21.51	20.76	1.158 times
29 Mon Jan 2024	21.06	20.90	21.07	20.64	1.044 times
26 Fri Jan 2024	20.96	20.95	21.06	20.63	0.902 times
25 Thu Jan 2024	20.89	20.46	20.90	20.25	1.548 times
24 Wed Jan 2024	20.28	20.04	20.36	19.93	0.99 times
23 Tue Jan 2024	19.83	19.79	20.05	19.71	0.848 times
22 Mon Jan 2024	19.78	19.55	19.93	19.41	0.784 times
19 Fri Jan 2024	19.61	19.55	19.61	19.16	0.988 times
18 Thu Jan 2024	19.59	19.63	19.67	19.36	0.84 times
17 Wed Jan 2024	19.60	19.59	19.79	19.46	1.005 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.1, but if it comes below 21.1, then a intra day sell could be more profitable.
If you take a sell trade below 21.1, then use 21.1 as stoploss and 20.46 as target. However if you take a buy trade in stock , then use 21.1 as stoploss and 21.8 as target.

Share price targets for Magnolia Oil (MGY)

Target Type	Value
Downside Target	19.16
Downside Target	20.03
Downside Target	20.94
Downside Target	21.06
Upside Target	21.51
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	20.84
Downside Intraday Target	20.31
Upside Intraday Target	21.71
Upside Intraday Target	22.05
Downside Intraday Target	21.18

Weekly technical analysis of Magnolia Oil (MGY)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	21.38	20.90	21.51	20.64	0.434 times
26 Fri Jan 2024	20.96	19.55	21.06	19.41	1.306 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

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
30 Tue Jan 2024	21.38	21.42	21.93	19.16	1.091 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 up 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Magnolia Oil ( (MGY) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magnolia Oil 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.

Magnolia Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magnolia Oil in short term and BUY signal is strong.

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 20.37 and Magnolia Oil (MGY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.