(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 2024-09-10 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1765757
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue Sep 2024 | 23.16 | 23.47 | 23.47 | 22.92 | 1.01 times |
| 09 Mon Sep 2024 | 23.44 | 23.55 | 23.68 | 23.34 | 1.143 times |
| 06 Fri Sep 2024 | 23.57 | 24.00 | 24.16 | 23.47 | 1.019 times |
| 05 Thu Sep 2024 | 24.00 | 24.30 | 24.32 | 23.97 | 0.765 times |
| 04 Wed Sep 2024 | 24.12 | 24.47 | 24.61 | 24.03 | 0.872 times |
| 03 Tue Sep 2024 | 24.31 | 24.97 | 25.05 | 24.09 | 1.711 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 1.141 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 1.141 times |
| 29 Thu Aug 2024 | 25.83 | 25.66 | 26.01 | 25.48 | 0.688 times |
| 28 Wed Aug 2024 | 25.49 | 25.30 | 25.52 | 25.19 | 0.615 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 23.1, for a target of 24 or 24.81
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.71 |
| Upside Target | 24.45 |
| Upside Target | 25.05 |
| Upside Target | 25.18 |
| Upside Target | 25.66 |
| Upside Target | 25.67 |
| Upside Target | 26.05 |
| Upside Target | 26.08 |
| Upside Target | 26.62 |
| Upside Target | 27.62 |
| Upside Target | 27.63 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 22.83 |
| Downside Intraday Target | 22.49 |
| Upside Intraday Target | 23.59 |
| Upside Intraday Target | 24.01 |
| Upside Intraday Target | 23.25 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue Sep 2024 | 23.16 | 23.55 | 23.68 | 22.92 | 0.493 times |
| 06 Fri Sep 2024 | 23.57 | 24.97 | 25.05 | 23.47 | 3.826 times |
| 30 Fri Aug 2024 | 25.61 | 25.49 | 25.66 | 25.18 | 0.284 times |
| 30 Fri Aug 2024 | 25.61 | 25.73 | 26.05 | 25.18 | 0.89 times |
| 23 Fri Aug 2024 | 25.31 | 25.14 | 25.67 | 24.45 | 1.133 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 |
| 10 Tue Sep 2024 | 23.16 | 24.97 | 25.05 | 22.92 | 0.246 times |
| 30 Fri Aug 2024 | 25.61 | 27.56 | 27.63 | 22.71 | 1.057 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 |
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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
Magnolia Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 positive zone. This is a BUY 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 24.45 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magnolia Oil stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term and the sell signal is strong.
Magnolia Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 positive zone. This is a BUY 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 24.45 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.