(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 2024-07-16 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1418200
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Jul 2024 | 27.01 | 27.01 | 27.11 | 26.79 | 1.322 times |
| 15 Mon Jul 2024 | 27.11 | 26.58 | 27.36 | 26.36 | 1.387 times |
| 12 Fri Jul 2024 | 26.28 | 26.52 | 26.57 | 26.12 | 1.354 times |
| 11 Thu Jul 2024 | 26.20 | 25.85 | 26.25 | 25.64 | 0.978 times |
| 10 Wed Jul 2024 | 25.67 | 25.34 | 25.68 | 25.21 | 0.754 times |
| 09 Tue Jul 2024 | 25.32 | 25.18 | 25.60 | 25.09 | 1.012 times |
| 08 Mon Jul 2024 | 25.46 | 25.39 | 25.58 | 25.19 | 0.949 times |
| 05 Fri Jul 2024 | 25.41 | 25.88 | 25.93 | 25.23 | 0.852 times |
| 03 Wed Jul 2024 | 25.99 | 25.52 | 26.02 | 25.52 | 0.68 times |
| 03 Wed Jul 2024 | 25.99 | 25.52 | 26.02 | 25.52 | 0.68 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 27, for a target of 26.2 or 25.62
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.78 |
| Downside Target | 23.34 |
| Downside Target | 24.69 |
| Downside Target | 25.74 |
| Downside Target | 26.02 |
| Downside Target | 26.08 |
| Downside Target | 26.36 |
| Downside Target | 26.57 |
| Downside Target | 26.62 |
| Upside Target | 27.33 |
| Upside Target | 27.36 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 26.46 |
| Downside Intraday Target | 25.91 |
| Upside Intraday Target | 27.46 |
| Upside Intraday Target | 27.91 |
| Downside Intraday Target | 26.91 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Jul 2024 | 27.01 | 26.58 | 27.36 | 26.36 | 0.537 times |
| 12 Fri Jul 2024 | 26.28 | 25.39 | 26.57 | 25.09 | 3.295 times |
| 05 Fri Jul 2024 | 25.41 | 25.52 | 26.02 | 25.23 | 0.469 times |
| 03 Wed Jul 2024 | 25.99 | 25.55 | 26.02 | 25.19 | 0.533 times |
| 28 Fri Jun 2024 | 25.34 | 24.97 | 25.74 | 24.69 | 0.876 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 Tue Jul 2024 | 27.01 | 25.55 | 27.36 | 25.09 | 0.419 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 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 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 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 26.15 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.
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 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 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 26.15 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.