(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 2297010
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Apr 2024 | 25.82 | 25.92 | 26.30 | 25.67 | 0.835 times |
| 16 Tue Apr 2024 | 26.00 | 26.02 | 26.09 | 25.76 | 1.489 times |
| 15 Mon Apr 2024 | 26.19 | 26.75 | 26.99 | 26.07 | 1.126 times |
| 12 Fri Apr 2024 | 26.68 | 27.03 | 27.33 | 26.56 | 1.297 times |
| 11 Thu Apr 2024 | 26.80 | 26.91 | 26.95 | 26.38 | 1.051 times |
| 10 Wed Apr 2024 | 26.84 | 26.52 | 26.88 | 26.45 | 0.935 times |
| 09 Tue Apr 2024 | 26.65 | 26.76 | 26.86 | 26.56 | 0.821 times |
| 08 Mon Apr 2024 | 26.62 | 27.00 | 27.12 | 26.60 | 0.652 times |
| 05 Fri Apr 2024 | 26.98 | 26.81 | 27.21 | 26.62 | 0.885 times |
| 04 Thu Apr 2024 | 26.68 | 26.72 | 26.87 | 26.48 | 0.824 times |
My analysis of stock is bearish for shortterm, and stock might move down till 25.3 or till 24.4. Use a stoploss of 26.03 and if the stock hits stoploss, then it can shoot up till 26.75
Share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Target | 19.16 |
| Downside Target | 20.16 |
| Downside Target | 21.93 |
| Downside Target | 22.76 |
| Downside Target | 23.93 |
| Downside Target | 24.78 |
| Downside Target | 25.67 |
| Upside Target | 25.95 |
| Upside Target | 26.38 |
| Upside Target | 26.99 |
| Upside Target | 27.21 |
| Upside Target | 27.33 |
Intraday share price targets for Magnolia Oil (MGY)
| Target Type | Value |
| Downside Intraday Target | 25.33 |
| Downside Intraday Target | 24.84 |
| Upside Intraday Target | 26.65 |
| Upside Intraday Target | 27.48 |
| Upside Intraday Target | 26.16 |
Weekly technical analysis of Magnolia Oil (MGY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Apr 2024 | 25.82 | 26.75 | 26.99 | 25.67 | 0.726 times |
| 12 Fri Apr 2024 | 26.68 | 27.00 | 27.33 | 26.38 | 0.782 times |
| 05 Fri Apr 2024 | 26.98 | 26.13 | 27.21 | 25.68 | 1.358 times |
| 28 Thu Mar 2024 | 25.95 | 24.88 | 25.95 | 24.78 | 0.752 times |
| 22 Fri Mar 2024 | 24.77 | 23.93 | 25.00 | 23.93 | 0.26 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 |
| 17 Wed Apr 2024 | 25.82 | 26.13 | 27.33 | 25.67 | 0.311 times |
| 28 Thu Mar 2024 | 25.95 | 22.90 | 25.95 | 22.78 | 1.841 times |
| 29 Thu Feb 2024 | 22.68 | 20.78 | 22.76 | 19.53 | 1.151 times |
| 31 Wed Jan 2024 | 20.62 | 21.42 | 21.93 | 19.16 | 1.142 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 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 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 BUY. 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 26.5 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 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 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 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 BUY. 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 26.5 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.