(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 2024-05-28 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2696141
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 25.41 | 25.20 | 25.58 | 25.06 | 0.759 times |
| 24 Fri May 2024 | 24.91 | 24.85 | 25.00 | 24.77 | 0.633 times |
| 23 Thu May 2024 | 24.70 | 25.08 | 25.31 | 24.61 | 0.838 times |
| 22 Wed May 2024 | 24.89 | 25.37 | 25.37 | 24.78 | 0.908 times |
| 21 Tue May 2024 | 25.55 | 25.58 | 25.96 | 25.54 | 0.623 times |
| 20 Mon May 2024 | 25.72 | 25.49 | 25.79 | 25.40 | 1.138 times |
| 17 Fri May 2024 | 25.48 | 25.42 | 25.58 | 25.23 | 0.918 times |
| 16 Thu May 2024 | 25.24 | 25.49 | 25.67 | 25.23 | 1.106 times |
| 15 Wed May 2024 | 25.67 | 25.86 | 25.86 | 25.04 | 2.308 times |
| 14 Tue May 2024 | 26.09 | 26.00 | 26.24 | 25.91 | 0.81 times |
My analysis of stock is bearish for shortterm, and stock might move down till 24.9 or till 24.4. Use a stoploss of 25.44 and if the stock hits stoploss, then it can shoot up till 25.93
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 |
| Upside Target | 25.58 |
| Upside Target | 25.95 |
| Upside Target | 25.96 |
| Upside Target | 26.24 |
| Upside Target | 26.49 |
| Upside Target | 26.62 |
| Upside Target | 27.33 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 25.12 |
| Downside Intraday Target | 24.83 |
| Upside Intraday Target | 25.64 |
| Upside Intraday Target | 25.87 |
| Downside Intraday Target | 25.35 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 25.41 | 25.20 | 25.58 | 25.06 | 0.183 times |
| 24 Fri May 2024 | 24.91 | 25.49 | 25.96 | 24.61 | 0.706 times |
| 17 Fri May 2024 | 25.48 | 26.06 | 26.24 | 25.04 | 1.049 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 |
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 |
| 28 Tue May 2024 | 25.41 | 24.99 | 26.62 | 23.34 | 1.006 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
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 LOWS in short term which reflects strong selling momentum. 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 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 25.42 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
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 LOWS in short term which reflects strong selling momentum. 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 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 25.42 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.