(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 2024-07-01 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2348790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 25.46 | 25.55 | 25.59 | 25.19 | 0.742 times |
| 28 Fri Jun 2024 | 25.34 | 25.50 | 25.69 | 25.19 | 0.916 times |
| 27 Thu Jun 2024 | 25.28 | 25.24 | 25.31 | 25.06 | 0.653 times |
| 26 Wed Jun 2024 | 25.05 | 25.30 | 25.30 | 24.69 | 0.84 times |
| 25 Tue Jun 2024 | 25.34 | 25.44 | 25.47 | 25.12 | 0.515 times |
| 24 Mon Jun 2024 | 25.51 | 24.97 | 25.74 | 24.97 | 0.775 times |
| 21 Fri Jun 2024 | 24.88 | 24.99 | 25.12 | 24.70 | 2.338 times |
| 20 Thu Jun 2024 | 24.97 | 24.69 | 25.11 | 24.67 | 0.975 times |
| 18 Tue Jun 2024 | 24.67 | 24.27 | 24.73 | 24.19 | 0.908 times |
| 18 Tue Jun 2024 | 24.67 | 24.27 | 24.73 | 24.19 | 0.908 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 25.2, but if it comes below 25.2, then a intra day sell could be more profitable.
If you take a sell trade below 25.2, then use 25.2 as stoploss and 24.73 as target. However if you take a buy trade in stock , then use 25.2 as stoploss and 25.8 as target.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.78 |
| Downside Target | 23.34 |
| Downside Target | 24.69 |
| Downside Target | 25.33 |
| Upside Target | 25.59 |
| Upside Target | 25.74 |
| Upside Target | 25.95 |
| 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 | 25.24 |
| Downside Intraday Target | 25.01 |
| Upside Intraday Target | 25.64 |
| Upside Intraday Target | 25.81 |
| Downside Intraday Target | 25.41 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 25.46 | 25.55 | 25.59 | 25.19 | 0.201 times |
| 28 Fri Jun 2024 | 25.34 | 24.97 | 25.74 | 24.69 | 0.876 times |
| 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 |
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 |
| 01 Mon Jul 2024 | 25.46 | 25.55 | 25.59 | 25.19 | 0.041 times |
| 28 Fri Jun 2024 | 25.34 | 26.00 | 26.08 | 23.67 | 0.736 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 |
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 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 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 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 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 and the buy 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 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 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 25.06 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 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 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 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 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 and the buy 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 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 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 25.06 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.