MAGNOLIA OIL GAS CORP CLASS A stock forecast: up to 20.56 USD MGY stock price prognosis
Forecast for Thu 18 May 2023 price
MAGNOLIA OIL GAS CORP CLASS A stock price forecast for further price development up to 2.97% (time horizon: 1 day) and price target of 20.56 USD. Negative news sentiment. Short-term (time horizon: 2 weeks) MAGNOLIA OIL GAS CORP CLASS A share price prediction for 2023-05-18 with daily closed price projections
News <--> Close correlation for next day influence ()
Earnings per share
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Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.
Meta analyst score 82.46/100
Good financial position.
Historical view, profit is not growing.
Company revenue is growing faster compared with the industry.
Stock price is above book price value.
Institutional ownership list is based on filling form information
Bollinger Bollinger Bands for MAGNOLIA OIL GAS CORP CLASS A can provide the information where the market is moving based on price information.
MAGNOLIA OIL GAS CORP CLASS A Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.
Converting prices to returns MAGNOLIA OIL GAS CORP CLASS A.
On-Balance Volume information for MAGNOLIA OIL GAS CORP CLASS A. On-Balance Volume information can be an indicator for bullish or bearish outcome.
Accumulation / Distribution (A/D) indicator information for MAGNOLIA OIL GAS CORP CLASS A. The indicator identify divergences between price and volume flow.
Aroon Oscillator information for MAGNOLIA OIL GAS CORP CLASS A. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.
Average Directional Index (ADX) information for MAGNOLIA OIL GAS CORP CLASS A. The index can be used to identify the strengh of a trend.
Moving Average Convergence Divergence (MACD) for MAGNOLIA OIL GAS CORP CLASS A. The indicator helps to predict trend direction and the momentum of the trend.
Stochastic Oscillator as momentum indicator for MAGNOLIA OIL GAS CORP CLASS A. The indicator is useful for identifying overbought and oversold levels.
Relative Strength Index (RSI) for MAGNOLIA OIL GAS CORP CLASS A. RSI is a momentum oscillator that measures the speed and change of price development.
The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period.
Primary usage of the indicator is to identify overbought or oversold signals.
When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30
Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio
The forecast (dashed curve) of the share price performance is based on historical data.
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