(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 2024-02-01 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2428120
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Feb 2024 | 20.42 | 20.78 | 20.89 | 20.33 | 1.346 times |
| 31 Wed Jan 2024 | 20.62 | 21.34 | 21.38 | 20.61 | 0.907 times |
| 30 Tue Jan 2024 | 21.38 | 20.76 | 21.51 | 20.76 | 1.157 times |
| 29 Mon Jan 2024 | 21.06 | 20.90 | 21.07 | 20.64 | 1.043 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 | 1.546 times |
| 24 Wed Jan 2024 | 20.28 | 20.04 | 20.36 | 19.93 | 0.989 times |
| 23 Tue Jan 2024 | 19.83 | 19.79 | 20.05 | 19.71 | 0.847 times |
| 22 Mon Jan 2024 | 19.78 | 19.55 | 19.93 | 19.41 | 0.783 times |
| 19 Fri Jan 2024 | 19.61 | 19.55 | 19.61 | 19.16 | 0.987 times |
My analysis of stock is bullish for shortterm, and stock might move up till 20.9 or till 21.6. Use a stoploss of 20.38 and if this stock hits its stoploss, then it can fall down till 19.85
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 19.16 |
| Downside Target | 20.03 |
| Upside Target | 20.85 |
| Upside Target | 20.89 |
| Upside Target | 20.94 |
| Upside Target | 21.06 |
| Upside Target | 21.51 |
| Upside Target | 21.93 |
| Upside Target | 22.31 |
| Upside Target | 23.34 |
| Upside Target | 23.90 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 20 |
| Downside Intraday Target | 19.57 |
| Upside Intraday Target | 21.18 |
| Upside Intraday Target | 21.93 |
| Upside Intraday Target | 20.75 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Feb 2024 | 20.42 | 20.90 | 21.51 | 20.33 | 0.879 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 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 |
| 01 Thu Feb 2024 | 20.42 | 20.78 | 20.89 | 20.33 | 0.066 times |
| 31 Wed Jan 2024 | 20.62 | 21.42 | 21.93 | 19.16 | 1.142 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 |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 Weak and stock is losing momentum.
MACD generated a BUY signal for Magnolia Oil in short term but the buy signal is initial and weak.
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 below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magnolia Oil in short term but SELL signal is weak.
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 20.54 and Magnolia Oil (MGY) stock is trading below this level. This means that stock is falling with high volumes. 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.
Price action analysis of Magnolia Oil ( (MGY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 Weak and stock is losing momentum.
MACD generated a BUY signal for Magnolia Oil in short term but the buy signal is initial and weak.
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 below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magnolia Oil in short term but SELL signal is weak.
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 20.54 and Magnolia Oil (MGY) stock is trading below this level. This means that stock is falling with high volumes. 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.