(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 2024-06-11 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1991750
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 24.71 | 24.49 | 24.84 | 24.32 | 0.716 times |
| 10 Mon Jun 2024 | 24.69 | 24.27 | 24.97 | 24.24 | 0.613 times |
| 07 Fri Jun 2024 | 24.25 | 24.21 | 24.46 | 24.06 | 0.538 times |
| 06 Thu Jun 2024 | 24.36 | 24.09 | 24.44 | 24.09 | 0.693 times |
| 05 Wed Jun 2024 | 24.08 | 24.33 | 24.41 | 24.04 | 1.182 times |
| 04 Tue Jun 2024 | 24.25 | 24.44 | 24.61 | 24.09 | 1.4 times |
| 03 Mon Jun 2024 | 24.76 | 26.00 | 26.08 | 24.70 | 1.427 times |
| 31 Fri May 2024 | 25.95 | 25.66 | 26.01 | 25.61 | 1.163 times |
| 30 Thu May 2024 | 25.46 | 25.20 | 25.63 | 25.20 | 0.7 times |
| 29 Wed May 2024 | 25.18 | 25.39 | 25.47 | 25.02 | 1.256 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 24.5 as stoploss in an intra day buy trade for a target of 25.07. However, stock will show a bearish move below 24.5.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 19.53 |
| Downside Target | 22.76 |
| Downside Target | 23.34 |
| Downside Target | 24.04 |
| Upside Target | 25.95 |
| Upside Target | 25.96 |
| Upside Target | 26.01 |
| Upside Target | 26.08 |
| Upside Target | 26.24 |
| Upside Target | 26.62 |
| Upside Target | 27.33 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 24.31 |
| Downside Intraday Target | 23.91 |
| Upside Intraday Target | 25.04 |
| Upside Intraday Target | 25.37 |
| Downside Intraday Target | 24.64 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 24.71 | 24.27 | 24.97 | 24.24 | 0.253 times |
| 07 Fri Jun 2024 | 24.25 | 26.00 | 26.08 | 24.04 | 1.264 times |
| 31 Fri May 2024 | 25.95 | 25.20 | 26.01 | 25.02 | 0.74 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 |
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 |
| 11 Tue Jun 2024 | 24.71 | 26.00 | 26.08 | 24.04 | 0.227 times |
| 31 Fri May 2024 | 25.95 | 24.99 | 26.62 | 23.34 | 1.127 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 |
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 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 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 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 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 below the red cloud Prices appear to be moving up
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 24.79 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 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 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 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 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 below the red cloud Prices appear to be moving up
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 24.79 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.