(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 2024-05-09 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2408950
Date | Daily Closing Price | Open | High | Low | Volume |
09 Thu May 2024 | 26.50 | 25.97 | 26.57 | 25.80 | 1.029 times |
08 Wed May 2024 | 25.88 | 25.01 | 25.94 | 23.34 | 1.768 times |
07 Tue May 2024 | 25.80 | 25.62 | 26.13 | 25.62 | 1.527 times |
06 Mon May 2024 | 25.67 | 25.50 | 25.97 | 25.46 | 0.949 times |
03 Fri May 2024 | 25.11 | 25.01 | 25.31 | 24.77 | 0.922 times |
02 Thu May 2024 | 24.91 | 24.82 | 25.10 | 24.77 | 0.902 times |
01 Wed May 2024 | 24.59 | 24.99 | 25.07 | 24.41 | 1.245 times |
30 Tue Apr 2024 | 25.07 | 26.31 | 26.31 | 25.03 | 0.915 times |
29 Mon Apr 2024 | 26.44 | 26.27 | 26.49 | 26.20 | 0.546 times |
26 Fri Apr 2024 | 26.34 | 26.26 | 26.44 | 26.11 | 0.609 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.4, but if it comes below 26.4, then a intra day sell could be more profitable.
If you take a sell trade below 26.4, then use 26.4 as stoploss and 25.82 as target. However if you take a buy trade in stock , then use 26.4 as stoploss and 27 as target.
Share price targets for Magnolia Oil (MGY)
Target Type | Value |
Downside Target | 19.16 |
Downside Target | 21.93 |
Downside Target | 22.76 |
Downside Target | 23.34 |
Downside Target | 24.41 |
Downside Target | 25.03 |
Downside Target | 25.95 |
Downside Target | 26.49 |
Upside Target | 26.57 |
Upside Target | 26.99 |
Upside Target | 27.33 |
Intraday share price targets for Magnolia Oil (MGY)
Target Type | Value |
Downside Intraday Target | 24.37 |
Downside Intraday Target | 22.24 |
Upside Intraday Target | 27.6 |
Upside Intraday Target | 28.7 |
Downside Intraday Target | 25.47 |
Weekly technical analysis of Magnolia Oil (MGY)
Date | Weekly Closing Price | Open | High | Low | Volume |
09 Thu May 2024 | 26.50 | 25.50 | 26.57 | 23.34 | 1.164 times |
03 Fri May 2024 | 25.11 | 26.27 | 26.49 | 24.41 | 1.075 times |
26 Fri Apr 2024 | 26.34 | 25.55 | 26.44 | 25.30 | 0.806 times |
19 Fri Apr 2024 | 25.62 | 26.75 | 26.99 | 25.34 | 1.153 times |
12 Fri Apr 2024 | 26.68 | 27.00 | 27.33 | 26.38 | 0.782 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 |
09 Thu May 2024 | 26.50 | 24.99 | 26.57 | 23.34 | 0.393 times |
30 Tue Apr 2024 | 25.07 | 26.13 | 27.33 | 25.03 | 0.484 times |
28 Thu Mar 2024 | 25.95 | 22.90 | 25.95 | 22.78 | 1.841 times |
29 Thu Feb 2024 | 22.68 | 20.78 | 22.76 | 19.53 | 1.151 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magnolia Oil ( (MGY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magnolia Oil ( (MGY) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magnolia Oil ( (MGY) ) based on a mid to longer 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.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell 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 stronger in this stock.
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 positive zone. This is a BUY zone
Stock of Magnolia Oil is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 25.59 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 positive
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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magnolia Oil ( (MGY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magnolia Oil ( (MGY) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magnolia Oil ( (MGY) ) based on a mid to longer 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.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell 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 stronger in this stock.
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 positive zone. This is a BUY zone
Stock of Magnolia Oil is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 25.59 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.