Londinia Opportunities Analyses - 11/20/2024 (GMT) MAGNOLIA OIL & GAS - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 27.41 USD
My targets
27.70 USD (+0.54%)
27.96 USD (+1.49%)
My analysis
The bullish trend is currently very strong on MAGNOLIA OIL & GAS. As long as the price remains above the support at 27.41 USD, you could try to benefit from the boom. The first bullish objective is located at 27.70 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 27.96 USD as an objective. Crossing it would then enable buyers to target 28.39 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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Additional analysis
Quotes
The MAGNOLIA OIL & GAS rating is 27.55 USD. On the day, this instrument gained +0.95% and was traded between 27.31 USD and 27.85 USD over the period. The price is currently at +0.88% from its lowest and -1.08% from its highest.27.31
27.85
27.55
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAGNOLIA OIL & GAS:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MAGNOLIA OIL & GAS in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.31 | 26.96 | 27.41 | 27.55 | 27.70 | 27.96 | 28.39 |
| Change (%) | -4.50% | -2.14% | -0.51% | - | +0.54% | +1.49% | +3.05% |
| Change | -1.24 | -0.59 | -0.14 | - | +0.15 | +0.41 | +0.84 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.67 | 26.88 | 27.09 | 27.30 | 27.51 | 27.72 | 27.93 |
| Camarilla | 27.18 | 27.21 | 27.25 | 27.29 | 27.33 | 27.37 | 27.41 |
| Woodie | 26.66 | 26.88 | 27.08 | 27.30 | 27.50 | 27.72 | 27.92 |
| Fibonacci | 26.88 | 27.04 | 27.14 | 27.30 | 27.46 | 27.56 | 27.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.22 | 25.99 | 26.42 | 27.19 | 27.62 | 28.39 | 28.82 |
| Camarilla | 26.52 | 26.63 | 26.74 | 26.85 | 26.96 | 27.07 | 27.18 |
| Woodie | 25.05 | 25.91 | 26.25 | 27.11 | 27.45 | 28.31 | 28.65 |
| Fibonacci | 25.99 | 26.45 | 26.73 | 27.19 | 27.65 | 27.93 | 28.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.93 | 21.83 | 23.49 | 25.39 | 27.05 | 28.95 | 30.61 |
| Camarilla | 24.18 | 24.51 | 24.83 | 25.16 | 25.49 | 25.81 | 26.14 |
| Woodie | 19.82 | 21.77 | 23.38 | 25.33 | 26.94 | 28.89 | 30.50 |
| Fibonacci | 21.83 | 23.19 | 24.03 | 25.39 | 26.75 | 27.59 | 28.95 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.64 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 10.00 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 27.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.19 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 26.90 | |
| Zig ZAG (10): | 27.53 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 66.22 | |
| TEMA (21): | 27.49 | |
| Williams %R (14): | -41.33 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.71 |
| MA7: | 27.23 | |
| MA20: | 26.41 | |
| MA50: | 25.84 | |
| MA100: | 25.47 | |
| MAexp7: | 27.47 | |
| MAexp20: | 27.38 | |
| MAexp50: | 27.21 | |
| MAexp100: | 26.89 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +4.32% | |
| Price / MA50: | +6.62% | |
| Price / MA100: | +8.17% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | +2.45% |
Quotes :
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15 min delayed data
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