(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 2024-09-16 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1836377
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Sep 2024 | 24.21 | 24.01 | 24.23 | 23.92 | 0.939 times |
| 13 Fri Sep 2024 | 23.84 | 23.75 | 23.98 | 23.62 | 0.718 times |
| 12 Thu Sep 2024 | 23.55 | 23.34 | 23.61 | 23.02 | 0.998 times |
| 11 Wed Sep 2024 | 23.35 | 23.17 | 23.49 | 22.76 | 0.919 times |
| 10 Tue Sep 2024 | 23.16 | 23.47 | 23.47 | 22.92 | 0.971 times |
| 09 Mon Sep 2024 | 23.44 | 23.55 | 23.68 | 23.34 | 1.099 times |
| 06 Fri Sep 2024 | 23.57 | 24.00 | 24.16 | 23.47 | 0.98 times |
| 05 Thu Sep 2024 | 24.00 | 24.30 | 24.32 | 23.97 | 0.736 times |
| 04 Wed Sep 2024 | 24.12 | 24.47 | 24.61 | 24.03 | 0.838 times |
| 03 Tue Sep 2024 | 24.31 | 24.97 | 25.05 | 24.09 | 1.645 times |
My analysis of stock is bearish for shortterm, and stock might move down till 23.7 or till 22.6. Use a stoploss of 24.53 and if the stock hits stoploss, then it can shoot up till 25.41
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 | 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 | 24.01 |
| Downside Intraday Target | 23.81 |
| Upside Intraday Target | 24.32 |
| Upside Intraday Target | 24.43 |
| Downside Intraday Target | 24.12 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Sep 2024 | 24.21 | 24.01 | 24.23 | 23.92 | 0.2 times |
| 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 |
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 |
| 16 Mon Sep 2024 | 24.21 | 24.97 | 25.05 | 22.76 | 0.387 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
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 but selling is losing 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 23.78 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 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 positive
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
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 but selling is losing 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 23.78 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 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.