(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 2024-12-05 View latest technical analysis
10 day averaged volume of Magnolia Oil is 1298321
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Thu Dec 2024 | 26.76 | 26.72 | 26.92 | 26.67 | 0.044 times |
| 04 Wed Dec 2024 | 26.78 | 27.47 | 27.47 | 26.78 | 0.064 times |
| 03 Tue Dec 2024 | 27.33 | 27.69 | 27.69 | 27.21 | 0.109 times |
| 26 Tue Nov 2024 | 27.95 | 28.35 | 28.35 | 27.74 | 1.419 times |
| 26 Tue Nov 2024 | 27.95 | 28.35 | 28.35 | 27.74 | 1.419 times |
| 25 Mon Nov 2024 | 28.19 | 28.70 | 28.92 | 28.19 | 1.542 times |
| 22 Fri Nov 2024 | 28.79 | 28.17 | 29.02 | 28.11 | 1.897 times |
| 21 Thu Nov 2024 | 28.23 | 28.00 | 28.32 | 27.89 | 1.154 times |
| 20 Wed Nov 2024 | 27.71 | 27.31 | 27.85 | 27.31 | 0.75 times |
| 19 Tue Nov 2024 | 27.29 | 27.15 | 27.52 | 27.10 | 0.57 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 26.7 as stoploss in an intra day buy trade for a target of 27.38. However, stock will show a bearish move below 26.7.
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 22.71 |
| Downside Target | 23.83 |
| Downside Target | 24.98 |
| Downside Target | 26.67 |
| Upside Target | 27.69 |
| Upside Target | 27.74 |
| Upside Target | 27.96 |
| Upside Target | 28.35 |
| Upside Target | 28.92 |
| Upside Target | 29.02 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 26.39 |
| Downside Intraday Target | 26.02 |
| Upside Intraday Target | 27.41 |
| Upside Intraday Target | 28.06 |
| Upside Intraday Target | 27.04 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Thu Dec 2024 | 26.76 | 27.69 | 27.69 | 26.67 | 0.153 times |
| 26 Tue Nov 2024 | 27.95 | 28.35 | 28.35 | 27.74 | 0.479 times |
| 26 Tue Nov 2024 | 27.95 | 28.70 | 28.92 | 27.74 | 0.544 times |
| 22 Fri Nov 2024 | 28.79 | 27.22 | 29.02 | 27.10 | 1.057 times |
| 15 Fri Nov 2024 | 26.85 | 27.44 | 27.96 | 26.76 | 0.794 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 |
| 05 Thu Dec 2024 | 26.76 | 27.69 | 27.69 | 26.67 | 0.01 times |
| 26 Tue Nov 2024 | 27.95 | 25.66 | 29.02 | 24.98 | 0.677 times |
| 31 Thu Oct 2024 | 25.28 | 23.83 | 27.41 | 23.83 | 0.913 times |
| 30 Mon Sep 2024 | 24.42 | 24.97 | 26.74 | 22.76 | 1.027 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell signal is initial and weak.
Magnolia Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 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 28.12 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Magnolia Oil in short term but the sell signal is initial and weak.
Magnolia Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 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 28.12 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 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.