(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 2024-08-22 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1720480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 24.68 | 24.72 | 24.85 | 24.45 | 0.982 times |
| 21 Wed Aug 2024 | 24.68 | 25.00 | 25.00 | 24.62 | 0.872 times |
| 20 Tue Aug 2024 | 24.71 | 25.27 | 25.28 | 24.47 | 0.978 times |
| 19 Mon Aug 2024 | 25.36 | 25.14 | 25.67 | 25.14 | 0.98 times |
| 16 Fri Aug 2024 | 25.07 | 24.87 | 25.21 | 24.76 | 0.641 times |
| 15 Thu Aug 2024 | 25.14 | 24.87 | 25.38 | 24.83 | 0.808 times |
| 14 Wed Aug 2024 | 24.80 | 24.78 | 24.82 | 24.57 | 0.958 times |
| 13 Tue Aug 2024 | 24.63 | 24.58 | 24.71 | 24.31 | 0.931 times |
| 12 Mon Aug 2024 | 24.79 | 24.49 | 24.85 | 24.43 | 0.756 times |
| 09 Fri Aug 2024 | 24.30 | 24.26 | 24.67 | 24.03 | 1.294 times |
My analysis of stock is bearish for shortterm, and stock might move down till 24 or till 22.8. Use a stoploss of 25 and if the stock hits stoploss, then it can shoot up till 26
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.71 |
| Downside Target | 23.34 |
| Upside Target | 25.53 |
| Upside Target | 25.67 |
| Upside Target | 26.08 |
| 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 | 24.2 |
| Downside Intraday Target | 23.71 |
| Upside Intraday Target | 25.42 |
| Upside Intraday Target | 26.15 |
| Upside Intraday Target | 24.93 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 24.68 | 25.14 | 25.67 | 24.45 | 0.931 times |
| 16 Fri Aug 2024 | 25.07 | 24.49 | 25.38 | 24.31 | 0.492 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 |
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 |
| 22 Thu Aug 2024 | 24.68 | 27.56 | 27.63 | 22.71 | 0.818 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 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 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 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 mid to longer 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.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Magnolia Oil in short term but the buy 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 24.79 and Magnolia Oil (MGY) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 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 mid to longer 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.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Magnolia Oil in short term but the buy 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 24.79 and Magnolia Oil (MGY) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.