(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 2024-09-03 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1540800
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 24.31 | 24.97 | 25.05 | 24.09 | 1.961 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 1.308 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 1.308 times |
| 29 Thu Aug 2024 | 25.83 | 25.66 | 26.01 | 25.48 | 0.788 times |
| 28 Wed Aug 2024 | 25.49 | 25.30 | 25.52 | 25.19 | 0.705 times |
| 27 Tue Aug 2024 | 25.48 | 25.57 | 25.71 | 25.25 | 1.037 times |
| 26 Mon Aug 2024 | 25.73 | 25.73 | 26.05 | 25.56 | 0.77 times |
| 23 Fri Aug 2024 | 25.31 | 24.84 | 25.37 | 24.81 | 0.921 times |
| 22 Thu Aug 2024 | 24.68 | 24.72 | 24.85 | 24.45 | 1.096 times |
| 21 Wed Aug 2024 | 24.68 | 25.00 | 25.00 | 24.62 | 0.974 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.5, but if it comes above 24.5, then a intra day buy could be more profitable.
If you take a sell trade below 24.5, then use 24.5 as stoploss and 23.8 as target. However if you take a buy trade in stock , then use 24.5 as stoploss and 24.99 as target.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.71 |
| Downside Target | 23.34 |
| Upside Target | 25.05 |
| Upside Target | 25.38 |
| Upside Target | 25.66 |
| Upside Target | 25.67 |
| Upside Target | 26.05 |
| Upside Target | 26.08 |
| Upside Target | 26.62 |
| Upside Target | 27.62 |
| Upside Target | 27.63 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 23.92 |
| Downside Intraday Target | 23.52 |
| Upside Intraday Target | 24.88 |
| Upside Intraday Target | 25.44 |
| Upside Intraday Target | 24.48 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 24.31 | 24.97 | 25.05 | 24.09 | 1.499 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 0.284 times |
| 30 Fri Aug 2024 | 25.61 | 25.73 | 26.05 | 25.18 | 0.89 times |
| 23 Fri Aug 2024 | 25.31 | 25.14 | 25.67 | 24.45 | 1.133 times |
| 16 Fri Aug 2024 | 25.07 | 24.49 | 25.38 | 24.31 | 0.492 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 |
| 03 Tue Sep 2024 | 24.31 | 24.97 | 25.05 | 24.09 | 0.065 times |
| 30 Fri Aug 2024 | 25.61 | 27.56 | 27.63 | 22.71 | 1.057 times |
| 31 Wed Jul 2024 | 27.24 | 25.55 | 27.62 | 25.09 | 1.042 times |
| 28 Fri Jun 2024 | 25.34 | 26.00 | 26.08 | 23.67 | 0.736 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
Magnolia Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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 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 25.18 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
Magnolia Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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 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 25.18 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.