MAGNORA ASA (MGN.OL) Stock Technical Analysis
OSL:MGN - Euronext Oslo - NO0010187032 - Common Stock - Currency: NOK
Taking everything into account, MGN scores 0 out of 10 in our technical rating. MGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than MGN.
MGN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
MGN is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 47% of 22 stocks in the same industry.
In the last month MGN has a been trading in the 20.25 - 26.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of MGN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.82
31.88
When analyzing the support we notice one important area.
- A support zone ranging from 22.04 to 22.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 25.34 to 25.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.34 from a trend line in the daily time frame.
- Resistance @31.56 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.86
Mansfield-2.18
10 Day High24.4
10 Day Low20.25
20 Day High26.5
20 Day Low20.25
52 Week High35.75
52 Week Low20.25
Performance
1 Week-0.45%
2 Weeks-8.88%
1 Month-15.36%
3 Month-9.26%
6 Month-4.34%
12 Month-28.64%
2 Year3.04%
3 Year11.03%
5 Year182.69%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.23
RSI(14)37.59
LBB20.2
UBB25.32
OSL:MGN (3/10/2025, 11:40:42 AM)
22.425
+0.38 (+1.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.7%
1 Week-0.45%
2 Weeks-8.88%
1 Month-15.36%
3 Month-9.26%
6 Month-4.34%
12 Month-28.64%
2 Year3.04%
3 Year11.03%
5 Year182.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%3.72%
ATR Inc71.82%
Range Today0.55
ADR(20)0.74
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.86
Mansfield-2.18
10 Day High24.4
10 Day Low20.25
20 Day High26.5
20 Day Low20.25
52 Week High35.75
52 Week Low20.25
CS1 End22.04
CR1 Start22.06
Volume & EV
DER(3)0.17%
DER(5)-0.03%
Volume10.27K
Volume Incr214.57%
Vol(5)272.83K
Vol(50)100.98K