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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
83% of all other stocks performed better in the past year than MGN.
MGN is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry, of which 60% are performing better 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.
In the last month MGN has a been trading in the 18.70 - 24.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
22.18
25.38
We found 1 important support area.
- A support zone ranging from 22.40 to 22.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 23.50 to 23.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.17 to 24.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.13 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
CRS17.14
Mansfield-1.18
10 Day High23.2
10 Day Low18.8
20 Day High24.3
20 Day Low18.7
52 Week High35.75
52 Week Low18.7
Performance
1 Week8.17%
2 Weeks12.22%
1 Month-2.6%
3 Month-12.28%
6 Month1.35%
12 Month-24.24%
2 Year-4.26%
3 Year17.43%
5 Year186.99%
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)0.24
RSI(14)56.69
LBB19.01
UBB22.61
OSL:MGN (4/28/2025, 12:25:06 PM)
22.6
+0.1 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.44%
1 Week8.17%
2 Weeks12.22%
1 Month-2.6%
3 Month-12.28%
6 Month1.35%
12 Month-24.24%
2 Year-4.26%
3 Year17.43%
5 Year186.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%4.7%
ATR Inc17.43%
Range Today0.6
ADR(20)0.97
ADR(20)%4.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.14
Mansfield-1.18
10 Day High23.2
10 Day Low18.8
20 Day High24.3
20 Day Low18.7
52 Week High35.75
52 Week Low18.7
CS1 End22.41
CR1 Start23.5
Volume & EV
DER(3)-0.16%
DER(5)-0.41%
Volume11.23K
Volume Incr20.89%
Vol(5)170.64K
Vol(50)149.44K