(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 2024-09-13 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1906127
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 23.84 | 23.75 | 23.98 | 23.62 | 0.691 times |
| 12 Thu Sep 2024 | 23.55 | 23.34 | 23.61 | 23.02 | 0.961 times |
| 11 Wed Sep 2024 | 23.35 | 23.17 | 23.49 | 22.76 | 0.885 times |
| 10 Tue Sep 2024 | 23.16 | 23.47 | 23.47 | 22.92 | 0.935 times |
| 09 Mon Sep 2024 | 23.44 | 23.55 | 23.68 | 23.34 | 1.058 times |
| 06 Fri Sep 2024 | 23.57 | 24.00 | 24.16 | 23.47 | 0.944 times |
| 05 Thu Sep 2024 | 24.00 | 24.30 | 24.32 | 23.97 | 0.709 times |
| 04 Wed Sep 2024 | 24.12 | 24.47 | 24.61 | 24.03 | 0.807 times |
| 03 Tue Sep 2024 | 24.31 | 24.97 | 25.05 | 24.09 | 1.585 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 1.057 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 23.7 as stoploss in an intra day buy trade for a target of 24.59. However, stock will show a bearish move below 23.7.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.71 |
| Downside Target | 23.34 |
| Upside Target | 25.05 |
| Upside Target | 25.18 |
| 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 | 23.07 |
| Downside Intraday Target | 22.31 |
| Upside Intraday Target | 24.29 |
| Upside Intraday Target | 24.75 |
| Downside Intraday Target | 23.53 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 23.84 | 23.55 | 23.98 | 22.76 | 1.12 times |
| 06 Fri Sep 2024 | 23.57 | 24.97 | 25.05 | 23.47 | 3.826 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 |
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 |
| 13 Fri Sep 2024 | 23.84 | 24.97 | 25.05 | 22.76 | 0.35 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 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 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 buy signal for Magnolia Oil in short term but BUY signal is weak.
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 23.94 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 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 buy signal for Magnolia Oil in short term but BUY signal is weak.
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 23.94 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.