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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 3085787

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 25.48 25.42 25.58 25.23 0.802 times
16 Thu May 2024 25.24 25.49 25.67 25.23 0.966 times
15 Wed May 2024 25.67 25.86 25.86 25.04 2.016 times
14 Tue May 2024 26.09 26.00 26.24 25.91 0.708 times
13 Mon May 2024 25.82 26.06 26.11 25.63 0.628 times

My analysis of stock is bearish for shortterm, and stock might move down till 25.2 or till 24.6. Use a stoploss of 25.73 and if the stock hits stoploss, then it can shoot up till 26.24

Share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Target 19.16
Downside Target 21.93
Downside Target 22.76
Downside Target 23.34
Downside Target 24.41
Downside Target 25.03
Upside Target 25.95
Upside Target 26.44
Upside Target 26.49
Upside Target 26.62
Upside Target 26.99
Upside Target 27.33

Intraday share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Intraday Target 24.93
Downside Intraday Target 24.39
Upside Intraday Target 26.13
Upside Intraday Target 26.79
Upside Intraday Target 25.59

Weekly technical analysis of Magnolia Oil (MGY)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 25.48 26.06 26.24 25.04 1.049 times
10 Fri May 2024 25.88 25.50 26.62 23.34 1.38 times
03 Fri May 2024 25.11 26.27 26.49 24.41 1.075 times
26 Fri Apr 2024 26.34 25.55 26.44 25.30 0.806 times
19 Fri Apr 2024 25.62 26.75 26.99 25.34 1.153 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 Fri May 2024 25.48 24.99 26.62 23.34 0.748 times
30 Tue Apr 2024 25.07 26.13 27.33 25.03 0.484 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 1.217 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 17, 35, 35 Sell
MACD 0, 0Sell
Stochastics 65None
CCI -64Buy
RSI 42Sell
OBV 11872958Sell
VWAP 26Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Magnolia Oil in short term but the sell 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magnolia Oil in short term but BUY signal is weak.

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

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 25.78 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.

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