(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 2024-05-13 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2596840
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Mon May 2024 | 25.82 | 26.06 | 26.11 | 25.63 | 0.747 times |
| 10 Fri May 2024 | 25.88 | 26.59 | 26.62 | 25.79 | 0.907 times |
| 09 Thu May 2024 | 26.50 | 25.97 | 26.57 | 25.80 | 0.955 times |
| 08 Wed May 2024 | 25.88 | 25.01 | 25.94 | 23.34 | 1.64 times |
| 07 Tue May 2024 | 25.80 | 25.62 | 26.13 | 25.62 | 1.417 times |
| 06 Mon May 2024 | 25.67 | 25.50 | 25.97 | 25.46 | 0.881 times |
| 03 Fri May 2024 | 25.11 | 25.01 | 25.31 | 24.77 | 0.855 times |
| 02 Thu May 2024 | 24.91 | 24.82 | 25.10 | 24.77 | 0.837 times |
| 01 Wed May 2024 | 24.59 | 24.99 | 25.07 | 24.41 | 1.155 times |
| 30 Tue Apr 2024 | 25.07 | 26.31 | 26.31 | 25.03 | 0.849 times |
My analysis of stock is bullish for shortterm, and stock might move up till 26.3 or till 26.9. Use a stoploss of 25.76 and if this stock hits its stoploss, then it can fall down till 25.26
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 |
| Upside Target | 26.11 |
| Upside Target | 26.44 |
| Upside Target | 26.49 |
| Upside Target | 26.62 |
| Upside Target | 26.99 |
| Upside Target | 27.33 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 25.6 |
| Downside Intraday Target | 25.37 |
| Upside Intraday Target | 26.08 |
| Upside Intraday Target | 26.33 |
| Upside Intraday Target | 25.85 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Mon May 2024 | 25.82 | 26.06 | 26.11 | 25.63 | 0.129 times |
| 10 Fri May 2024 | 25.88 | 25.50 | 26.62 | 23.34 | 1.38 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 |
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 |
| 13 Mon May 2024 | 25.82 | 24.99 | 26.62 | 23.34 | 0.477 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 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell 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 in or above 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 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 25.55 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 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 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell 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 in or above 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 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 25.55 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 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.