(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 2024-02-05 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2584130
Date | Daily Closing Price | Open | High | Low | Volume |
05 Mon Feb 2024 | 19.87 | 20.03 | 20.09 | 19.53 | 0.903 times |
02 Fri Feb 2024 | 19.98 | 20.29 | 20.36 | 19.97 | 1.054 times |
01 Thu Feb 2024 | 20.42 | 20.78 | 20.89 | 20.33 | 1.265 times |
31 Wed Jan 2024 | 20.62 | 21.34 | 21.38 | 20.61 | 0.853 times |
30 Tue Jan 2024 | 21.38 | 20.76 | 21.51 | 20.76 | 1.087 times |
29 Mon Jan 2024 | 21.06 | 20.90 | 21.07 | 20.64 | 0.98 times |
26 Fri Jan 2024 | 20.96 | 20.95 | 21.06 | 20.63 | 0.847 times |
25 Thu Jan 2024 | 20.89 | 20.46 | 20.90 | 20.25 | 1.453 times |
24 Wed Jan 2024 | 20.28 | 20.04 | 20.36 | 19.93 | 0.929 times |
23 Tue Jan 2024 | 19.83 | 19.79 | 20.05 | 19.71 | 0.796 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 19.8 as stoploss in an intra day buy trade for a target of 20.28. However, stock will show a bearish move below 19.8.
Share price targets for Magnolia Oil (MGY)
Target Type | Value |
Downside Target | 19.16 |
Upside Target | 19.97 |
Upside Target | 20.64 |
Upside Target | 20.85 |
Upside Target | 20.89 |
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 | 19.57 |
Downside Intraday Target | 19.27 |
Upside Intraday Target | 20.13 |
Upside Intraday Target | 20.39 |
Downside Intraday Target | 19.83 |
Weekly technical analysis of Magnolia Oil (MGY)
Date | Weekly Closing Price | Open | High | Low | Volume |
05 Mon Feb 2024 | 19.87 | 20.03 | 20.09 | 19.53 | 0.172 times |
02 Fri Feb 2024 | 19.98 | 20.90 | 21.51 | 19.97 | 1.1 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 |
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 |
05 Mon Feb 2024 | 19.87 | 20.78 | 20.89 | 19.53 | 0.167 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 20.56 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 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 20.56 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 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.