(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.
10 day averaged volume of Magnolia Oil is 2560790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Thu Sep 2024 | 23.70 | 23.92 | 24.35 | 23.65 | 1.971 times |
| 25 Wed Sep 2024 | 24.61 | 25.48 | 25.64 | 24.60 | 1.006 times |
| 24 Tue Sep 2024 | 25.58 | 25.82 | 26.07 | 25.53 | 2.465 times |
| 23 Mon Sep 2024 | 26.28 | 26.08 | 26.74 | 25.96 | 0.646 times |
| 20 Fri Sep 2024 | 26.00 | 25.90 | 26.25 | 25.34 | 1.738 times |
| 19 Thu Sep 2024 | 25.91 | 25.99 | 26.13 | 25.57 | 0.723 times |
| 18 Wed Sep 2024 | 25.21 | 24.76 | 25.62 | 24.76 | 0.851 times |
| 17 Tue Sep 2024 | 24.83 | 24.29 | 24.86 | 24.24 | 0.668 times |
| 16 Mon Sep 2024 | 24.21 | 24.01 | 24.23 | 23.92 | 0.673 times |
| 13 Fri Sep 2024 | 23.84 | 23.75 | 23.98 | 23.62 | 0.515 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 23.6 as stoploss in an intra day buy trade for a target of 24.54. However, stock will show a bearish move below 23.6.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.71 |
| Downside Target | 23.34 |
| Upside Target | 25.05 |
| Upside Target | 25.66 |
| Upside Target | 26.08 |
| Upside Target | 26.25 |
| Upside Target | 26.62 |
| Upside Target | 26.74 |
| Upside Target | 27.62 |
| Upside Target | 27.63 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 22.65 |
| Downside Intraday Target | 21.61 |
| Upside Intraday Target | 25.74 |
| Upside Intraday Target | 27.79 |
| Upside Intraday Target | 24.7 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Thu Sep 2024 | 23.70 | 26.08 | 26.74 | 23.65 | 1.308 times |
| 20 Fri Sep 2024 | 26.00 | 24.01 | 26.25 | 23.92 | 1.38 times |
| 13 Fri Sep 2024 | 23.84 | 23.55 | 23.98 | 22.76 | 1.12 times |
| 06 Fri Sep 2024 | 23.57 | 24.97 | 25.05 | 23.47 | 3.826 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 0.284 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 |
| 26 Thu Sep 2024 | 23.70 | 24.97 | 26.74 | 22.76 | 0.938 times |
| 30 Fri Aug 2024 | 25.61 | 27.56 | 27.63 | 22.71 | 1.057 times |
| 31 Wed Jul 2024 | 27.24 | 25.55 | 27.62 | 25.09 | 1.042 times |
| 28 Fri Jun 2024 | 25.34 | 26.00 | 26.08 | 23.67 | 0.736 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 BUY signal for Magnolia Oil in short term but the buy signal is initial and weak.
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 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 25.06 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 BUY signal for Magnolia Oil in short term but the buy signal is initial and weak.
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 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 25.06 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.