Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-18 View latest technical analysis

10 day averaged volume of Magnolia Oil is 1510840

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	27.45	27.22	27.70	27.14	0.923 times
15 Fri Nov 2024	26.85	27.30	27.48	26.76	1.144 times
14 Thu Nov 2024	27.24	27.36	27.56	26.84	0.919 times
13 Wed Nov 2024	27.08	27.30	27.42	26.85	0.932 times
12 Tue Nov 2024	27.15	27.67	27.96	27.11	0.684 times
11 Mon Nov 2024	27.53	27.44	27.73	27.13	0.748 times
08 Fri Nov 2024	27.41	26.87	27.45	26.61	1.156 times
07 Thu Nov 2024	27.05	27.30	27.44	26.95	0.93 times
06 Wed Nov 2024	27.26	26.49	27.55	26.31	1.419 times
05 Tue Nov 2024	25.53	25.79	25.93	25.46	0.902 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 27.2, but if it comes below 27.2, then a intra day sell could be more profitable.
If you take a sell trade below 27.2, then use 27.2 as stoploss and 26.32 as target. However if you take a buy trade in stock , then use 27.2 as stoploss and 28.2 as target.

Share price targets for Magnolia Oil (MGY)

Target Type	Value
Downside Target	22.71
Downside Target	23.83
Downside Target	24.98
Downside Target	26.44
Downside Target	27.14
Downside Target	27.41
Upside Target	27.55
Upside Target	27.62
Upside Target	27.63
Upside Target	27.70
Upside Target	27.96

Intraday share price targets for Magnolia Oil (MGY)

Target Type	Value
Downside Intraday Target	27.16
Downside Intraday Target	26.87
Upside Intraday Target	27.72
Upside Intraday Target	27.99
Downside Intraday Target	27.43

Weekly technical analysis of Magnolia Oil (MGY)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	27.45	27.22	27.70	27.14	0.209 times
15 Fri Nov 2024	26.85	27.44	27.96	26.76	0.794 times
08 Fri Nov 2024	27.41	25.19	27.55	25.19	0.942 times
01 Fri Nov 2024	25.00	25.18	26.44	24.98	1.057 times
25 Fri Oct 2024	26.00	26.44	26.44	25.38	0.877 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
18 Mon Nov 2024	27.45	25.66	27.96	24.98	0.417 times
31 Thu Oct 2024	25.28	23.83	27.41	23.83	0.913 times
30 Mon Sep 2024	24.42	24.97	26.74	22.76	1.027 times
30 Fri Aug 2024	25.61	27.56	27.63	22.71	1.057 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 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Magnolia Oil stock for short term is BUY. Signal strength is Strong and stock is gaining 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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 27.06 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.