MGY NEWS why is Magnolia Oil & Gas Corporation price falling or rising

MGY NEWS reasons for why stock price of Magnolia Oil & Gas Corporation is falling or rising

MGY Magnolia Oil is falling or rising technical reasons

Technical analysis forecast of Magnolia Oil Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Magnolia Oil MGY at this time. Stock is rising and might rise more.

It appears as if Magnolia Oil MGY gave a large move recently.

Stock of Magnolia Oil (MGY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Magnolia Oil is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Magnolia Oil stays above 25.8, but if it comes below 25.8, then a intra day sell could be more profitable.
If you take a sell trade below 25.8, then use 25.8 as stoploss and 25.23 as target. However if you take a buy trade in Magnolia Oil, then use 25.8 as stoploss and 26.5 as target.

MGY Magnolia Oil is falling or rising NEWS fundamental reasons

More announcements and NEWS

MGY Magnolia Oil & Gas Corporation current price & indicator signals

Moving Averages for Magnolia Oil & Gas Corporation

  • 5Day Average: 25.65
  • 12Day Average: 25.33
  • 20Day Average: 24.97
  • 50Day Average: 25.23
  • 100Day Average: 24.84
  • 150Day Average: 23.48
  • 200Day Average: 23.16

MGY Indicators & signals

Indicator MACD (12,26,9)

25.39, 25.18, 0.04
Indicator MACD is in positive zone

Indicator ADX (14)

23.08, 28.57, 17.86
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGY Magnolia Oil & Gas Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Wed Jul 2024 25.99 25.52 to 26.02 0% 0.46 times
03 Wed Jul 2024 25.99 25.52 to 26.02 2.12% 0.46 times
02 Tue Jul 2024 25.45 25.44 to 26.02 -0.04% 0.91 times
01 Mon Jul 2024 25.46 25.19 to 25.59 0.47% 0.83 times
28 Fri Jun 2024 25.34 25.19 to 25.69 0.24% 1.02 times
27 Thu Jun 2024 25.28 25.06 to 25.31 0.92% 0.73 times
26 Wed Jun 2024 25.05 24.69 to 25.30 -1.14% 0.94 times
25 Tue Jun 2024 25.34 25.12 to 25.47 -0.67% 0.57 times
24 Mon Jun 2024 25.51 24.97 to 25.74 2.53% 0.86 times
21 Fri Jun 2024 24.88 24.70 to 25.12 -0.36% 2.6 times
20 Thu Jun 2024 24.97 24.67 to 25.11 1.22% 1.09 times
18 Tue Jun 2024 24.67 24.19 to 24.73 0% 1.01 times

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MGY NEWS why is Magnolia Oil & Gas Corporation price falling or rising

 

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