(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 2024-02-08 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2672530
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Feb 2024 | 20.48 | 20.20 | 20.52 | 20.20 | 1.049 times |
| 07 Wed Feb 2024 | 20.22 | 20.28 | 20.45 | 20.08 | 1.113 times |
| 06 Tue Feb 2024 | 20.25 | 19.94 | 20.40 | 19.83 | 0.724 times |
| 05 Mon Feb 2024 | 19.87 | 20.03 | 20.09 | 19.53 | 0.873 times |
| 02 Fri Feb 2024 | 19.98 | 20.29 | 20.36 | 19.97 | 1.02 times |
| 01 Thu Feb 2024 | 20.42 | 20.78 | 20.89 | 20.33 | 1.223 times |
| 31 Wed Jan 2024 | 20.62 | 21.34 | 21.38 | 20.61 | 0.824 times |
| 30 Tue Jan 2024 | 21.38 | 20.76 | 21.51 | 20.76 | 1.051 times |
| 29 Mon Jan 2024 | 21.06 | 20.90 | 21.07 | 20.64 | 0.947 times |
| 26 Fri Jan 2024 | 20.96 | 20.95 | 21.06 | 20.63 | 0.819 times |
My analysis of stock is bullish for shortterm, and stock might move up till 20.8 or till 21.4. Use a stoploss of 20.27 and if this stock hits its stoploss, then it can fall down till 19.76
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 19.16 |
| Downside 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 | 19.83 |
| Downside Intraday Target | 19.19 |
| Upside Intraday Target | 20.82 |
| Upside Intraday Target | 21.17 |
| Downside Intraday Target | 20.18 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Feb 2024 | 20.48 | 20.03 | 20.52 | 19.53 | 0.742 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 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 |
| 08 Thu Feb 2024 | 20.48 | 20.78 | 20.89 | 19.53 | 0.322 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 20.52 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 20.52 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.