(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 2024-06-21 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1891770
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 24.88 | 24.99 | 25.12 | 24.70 | 2.903 times |
| 20 Thu Jun 2024 | 24.97 | 24.69 | 25.11 | 24.67 | 1.21 times |
| 18 Tue Jun 2024 | 24.67 | 24.27 | 24.73 | 24.19 | 1.128 times |
| 18 Tue Jun 2024 | 24.67 | 24.27 | 24.73 | 24.19 | 1.128 times |
| 17 Mon Jun 2024 | 24.17 | 23.83 | 24.22 | 23.67 | 1.457 times |
| 14 Fri Jun 2024 | 23.84 | 24.16 | 24.16 | 23.73 | 1.271 times |
| 13 Thu Jun 2024 | 24.20 | 24.72 | 24.74 | 24.10 | 0.765 times |
| 12 Wed Jun 2024 | 24.86 | 25.17 | 25.33 | 24.74 | 1.076 times |
| 11 Tue Jun 2024 | 24.71 | 24.49 | 24.84 | 24.32 | 0.753 times |
| 10 Mon Jun 2024 | 24.69 | 24.27 | 24.97 | 24.24 | 0.645 times |
Stock of Magnolia Oil (MGY) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, and stock might move up till 25.2 or till 25.8. Use a stoploss of 24.71 and if this stock hits its stoploss, then it can fall down till 24.2
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 19.53 |
| Downside Target | 22.76 |
| Downside Target | 23.34 |
| Downside Target | 24.73 |
| Upside Target | 25.12 |
| Upside Target | 25.33 |
| Upside Target | 25.95 |
| Upside Target | 26.01 |
| Upside Target | 26.08 |
| Upside Target | 26.62 |
| Upside Target | 27.33 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 24.34 |
| Downside Intraday Target | 23.8 |
| Upside Intraday Target | 25.27 |
| Upside Intraday Target | 25.66 |
| Downside Intraday Target | 24.73 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 24.88 | 24.27 | 25.12 | 24.19 | 2.028 times |
| 18 Tue Jun 2024 | 24.67 | 23.83 | 24.73 | 23.67 | 0.573 times |
| 14 Fri Jun 2024 | 23.84 | 24.27 | 25.33 | 23.73 | 0.818 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Magnolia Oil (MGY)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 24.88 | 26.00 | 26.08 | 23.67 | 0.586 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 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Magnolia Oil in short term but the buy 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 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 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 24.6 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 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Magnolia Oil in short term but the buy 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 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 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 24.6 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.