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(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 2024-08-14 View latest technical analysis

10 day averaged volume of Magnolia Oil is 2797687

Date Daily Closing Price Open High Low Volume
14 Wed Aug 2024 24.80 24.78 24.82 24.57 0.589 times
13 Tue Aug 2024 24.63 24.58 24.71 24.31 0.572 times
12 Mon Aug 2024 24.79 24.49 24.85 24.43 0.465 times
09 Fri Aug 2024 24.30 24.26 24.67 24.03 0.796 times
08 Thu Aug 2024 24.37 24.21 24.80 24.13 1.096 times
07 Wed Aug 2024 23.99 24.09 24.48 23.94 1.103 times
06 Tue Aug 2024 23.53 23.68 24.07 23.36 1.021 times
05 Mon Aug 2024 23.52 23.22 23.66 22.71 1.099 times
02 Fri Aug 2024 24.18 25.09 25.09 23.98 1.387 times
01 Thu Aug 2024 25.54 27.56 27.63 24.95 1.574 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 24.2 as stoploss in an intra day buy trade for a target of 25.43. However, stock will show a bearish move below 24.2.

Share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Target 22.71
Downside Target 23.34
Downside Target 24.80
Upside Target 26.08
Upside Target 26.36
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 24.46
Downside Intraday Target 24.11
Upside Intraday Target 25
Upside Intraday Target 25.19
Downside Intraday Target 24.65

Weekly technical analysis of Magnolia Oil (MGY)

Date Weekly Closing Price Open High Low Volume
14 Wed Aug 2024 24.80 24.49 24.85 24.31 0.318 times
09 Fri Aug 2024 24.30 23.22 24.80 22.71 0.981 times
02 Fri Aug 2024 24.18 26.70 27.63 23.98 1.071 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

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
14 Wed Aug 2024 24.80 27.56 27.63 22.71 0.614 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 below 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 and selling is picking up 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 24.36 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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 below 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 and selling is picking up 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 24.36 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 negative.

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

Daily charts

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