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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.

10 day averaged volume of Magnolia Oil is 2431500

Date Daily Closing Price Open High Low Volume
10 Thu Oct 2024 26.49 26.45 26.76 26.23 0.789 times
09 Wed Oct 2024 26.40 25.89 26.41 25.67 0.637 times
08 Tue Oct 2024 26.09 26.60 26.62 25.77 0.917 times
07 Mon Oct 2024 27.00 26.75 27.19 26.66 1.092 times
04 Fri Oct 2024 26.85 26.72 26.95 26.38 0.804 times
03 Thu Oct 2024 26.25 25.29 26.29 25.10 0.698 times
02 Wed Oct 2024 25.20 25.32 25.39 24.96 0.683 times
01 Tue Oct 2024 24.85 23.83 25.06 23.83 1.398 times
30 Mon Sep 2024 24.42 24.13 24.66 24.07 0.92 times
27 Fri Sep 2024 24.27 24.00 24.29 23.84 0.774 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.4, but if it comes below 26.4, then a intra day sell could be more profitable.
If you take a sell trade below 26.4, then use 26.4 as stoploss and 25.4 as target. However if you take a buy trade in stock , then use 26.4 as stoploss and 27.6 as target.

Share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Target 22.71
Downside Target 23.65
Downside Target 25.09
Downside Target 25.67
Downside Target 26.25
Upside Target 26.74
Upside Target 26.95
Upside Target 27.19
Upside Target 27.62
Upside Target 27.63

Intraday share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Intraday Target 25.71
Downside Intraday Target 24.93
Upside Intraday Target 27.23
Upside Intraday Target 27.97
Downside Intraday Target 26.45

Weekly technical analysis of Magnolia Oil (MGY)

Date Weekly Closing Price Open High Low Volume
10 Thu Oct 2024 26.49 26.75 27.19 25.67 0.763 times
04 Fri Oct 2024 26.85 24.13 26.95 23.83 0.627 times
27 Fri Sep 2024 24.27 26.08 26.74 23.65 1.466 times
20 Fri Sep 2024 26.00 24.01 26.25 23.92 1.38 times
13 Fri Sep 2024 23.84 23.55 23.98 22.76 1.12 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 Thu Oct 2024 26.49 23.83 27.19 23.83 0.356 times
30 Mon Sep 2024 24.42 24.97 26.74 22.76 1.027 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

Scroll below to view daily charts

Price has moved up 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 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 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 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 mid to longer 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

ADX buy sell signal for Magnolia Oil stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Magnolia Oil in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magnolia Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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

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 25.74 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 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 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 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 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 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 mid to longer 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

ADX buy sell signal for Magnolia Oil stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Magnolia Oil in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magnolia Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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

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 25.74 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 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 positive

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

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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