(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 2024-08-01 View latest technical analysis
10 day averaged volume of Magnolia Oil is 2382559
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 25.54 | 27.56 | 27.63 | 24.95 | 1.848 times |
| 31 Wed Jul 2024 | 27.24 | 27.05 | 27.44 | 26.83 | 1.041 times |
| 30 Tue Jul 2024 | 26.60 | 26.32 | 26.75 | 26.20 | 0.749 times |
| 29 Mon Jul 2024 | 26.36 | 26.70 | 26.77 | 25.91 | 0.856 times |
| 26 Fri Jul 2024 | 26.60 | 26.15 | 26.63 | 25.94 | 1.171 times |
| 25 Thu Jul 2024 | 26.07 | 25.73 | 26.26 | 25.53 | 0.906 times |
| 24 Wed Jul 2024 | 25.60 | 25.95 | 26.29 | 25.57 | 1.174 times |
| 23 Tue Jul 2024 | 25.90 | 26.37 | 26.39 | 25.86 | 1.186 times |
| 22 Mon Jul 2024 | 26.53 | 26.78 | 26.80 | 26.33 | 1.282 times |
| 19 Fri Jul 2024 | 26.80 | 27.19 | 27.35 | 26.75 | 0.646 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.7, but if it comes above 25.7, then a intra day buy could be more profitable.
If you take a sell trade below 25.7, then use 25.7 as stoploss and 24.9 as target. However if you take a buy trade in stock , then use 25.7 as stoploss and 26.3 as target.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 23.34 |
| Downside Target | 24.95 |
| Upside Target | 26.36 |
| Upside Target | 26.57 |
| Upside Target | 26.62 |
| Upside Target | 26.80 |
| Upside Target | 27.33 |
| Upside Target | 27.62 |
| Upside Target | 27.63 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 24.45 |
| Downside Intraday Target | 23.36 |
| Upside Intraday Target | 27.13 |
| Upside Intraday Target | 28.72 |
| Upside Intraday Target | 26.04 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 25.54 | 26.70 | 27.63 | 24.95 | 0.786 times |
| 26 Fri Jul 2024 | 26.60 | 26.78 | 26.80 | 25.53 | 1.318 times |
| 19 Fri Jul 2024 | 26.80 | 26.58 | 27.62 | 26.36 | 1.444 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 |
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 |
| 01 Thu Aug 2024 | 25.54 | 27.56 | 27.63 | 24.95 | 0.1 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 |
| 31 Fri May 2024 | 25.95 | 24.99 | 26.62 | 23.34 | 1.127 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 negative zone. This is the SELL 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 26.24 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 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 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 negative zone. This is the SELL 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 26.24 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.