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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 7942000

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 24.26 23.93 24.34 23.93 0.472 times
15 Fri Mar 2024 23.86 23.96 24.22 23.75 5.123 times
14 Thu Mar 2024 24.03 24.30 24.34 23.82 0.373 times
13 Wed Mar 2024 24.09 24.10 24.31 23.99 0.333 times
12 Tue Mar 2024 23.84 23.73 23.95 23.56 0.368 times
11 Mon Mar 2024 23.73 23.50 23.79 23.36 0.44 times
08 Fri Mar 2024 23.60 23.76 23.98 23.52 0.407 times
07 Thu Mar 2024 23.77 23.37 23.93 23.33 0.443 times
06 Wed Mar 2024 23.35 23.67 23.71 23.14 0.602 times
05 Tue Mar 2024 23.49 23.18 23.80 23.18 0.771 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 23.9, but if it comes below 23.9, then a intra day sell could be more profitable.
If you take a sell trade below 23.9, then use 23.9 as stoploss and 23.03 as target. However if you take a buy trade in stock , then use 23.9 as stoploss and 25 as target.

Share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Target 19.16
Downside Target 20.16
Downside Target 20.59
Downside Target 21.07
Downside Target 21.62
Downside Target 22.76
Downside Target 23.34
Downside Target 23.36
Downside Target 23.93
Downside Target 23.98
Upside Target 24.34

Intraday share price targets for Magnolia Oil (MGY)

Target Type Value
Downside Intraday Target 24.01
Downside Intraday Target 23.77
Upside Intraday Target 24.42
Upside Intraday Target 24.59
Downside Intraday Target 24.18

Weekly technical analysis of Magnolia Oil (MGY)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 24.26 23.93 24.34 23.93 0.071 times
15 Fri Mar 2024 23.86 23.50 24.34 23.36 1.974 times
08 Fri Mar 2024 23.60 23.58 23.98 23.11 2.247 times
01 Fri Mar 2024 23.00 21.68 23.19 21.62 1.08 times
23 Fri Feb 2024 21.84 21.34 22.16 21.07 0.58 times

Price has moved up 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
18 Mon Mar 2024 24.26 22.90 24.34 22.78 1.488 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
29 Fri Dec 2023 21.29 21.47 22.31 20.16 1.034 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Strong 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 stronger in this stock.

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 BUY signal in short term and the buying is gaining 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 23.81 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Strong 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 stronger in this stock.

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 BUY signal in short term and the buying is gaining 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 23.81 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

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Daily chart
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