MAGNORA ASA (MGN.OL) Stock Technical Analysis
Europe - OSL:MGN - NO0010187032 - Common Stock
Taking everything into account, MGN scores 0 out of 10 in our technical rating. MGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 19.49, a Stop Loss order could be placed below this zone.
More info and screens
19.07
We found 1 important support area.
- A support zone ranging from 19.26 to 19.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.93 to 20.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.13 to 21.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MGN.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGN.OL is down. |
| ChartMill Relative Strength | 11.49 | NEGATIVE | MGN.OL has a low relative strength, it was outperformed by 88.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGN.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGN.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGN.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.45 | NEUTRAL | The RSI value for MGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.78 | NEUTRAL | The Stochastics value for MGN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MGN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for MGN.OL suggests a weak or negative trend. |
OSL:MGN (11/14/2025, 7:00:00 PM)
19.5
-0.18 (-0.91%)
MAGNORA ASA / MGN.OL FAQ
What is the ChartMill technical rating of MAGNORA ASA (MGN.OL) stock?
ChartMill assigns a technical rating of 0 / 10 to MGN.OL.
Can you provide the trend direction for MAGNORA ASA?
The current trend direction for MAGNORA ASA (MGN.OL) is Bearish.
What is the RSI signal for MAGNORA ASA (MGN.OL) stock?
MAGNORA ASA (MGN.OL) has an RSI value of 38.448. This indicates that the stock is currently neutral.
What is the MACD signal for MAGNORA ASA (MGN.OL) stock?
The MACD indicator for MAGNORA ASA (MGN.OL) has a value of 0.0144145, indicating a bearish trend.
What is the short term momentum for MAGNORA ASA (MGN.OL) stock?
The short term momentum for MAGNORA ASA (MGN.OL) is negative.