MAGNORA ASA (MGN.OL) Stock Technical Analysis
Europe - OSL:MGN - NO0010187032 - Common Stock
19.44 NOK
-0.48 (-2.41%)
Overall MGN gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MGN is a bad performer in the overall market: 87% of all stocks are doing better.
MGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGN has a been trading in the 19.32 - 22.70 range, which is quite wide. It is currently trading near the lows of this range.
MGN is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry, MGN did better than 44% of them.
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
19.25
24.77
We can see 3 important resistance areas.
- A resistance zone ranging from 21.85 to 22.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.40 from a horizontal line in the daily time frame.
- Resistance @24.52 from a trend line in the daily time frame.
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 | 13.77 | NEGATIVE | MGN.OL has a low relative strength, it was outperformed by 86.23% 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) | 21.34 | OVERSOLD | The low RSI value suggests MGN.OL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MGN.OL has a negative trend. |
| Stochastics (14,3) | 6.85 | OVERSOLD | The low Stochastics value suggests MGN.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for MGN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for MGN.OL suggests a possible start of a new trend. |
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)
OSL:MGN (10/22/2025, 7:00:00 PM)
19.44
-0.48 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.41%
1 Week-5.86%
2 Weeks-11.84%
1 Month-13.41%
3 Month-19.5%
6 Month-13.6%
12 Month-12.43%
2 Year-41.88%
3 Year-14.17%
5 Year28.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%3%
ATR Inc73.86%
Range Today1.08
ADR(20)0.55
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.77
3 months CRS7.32
6 months CRS11.14
Mansfield-2.59
10 Day High22.45
10 Day Low19.32
20 Day High22.7
20 Day Low19.32
52 Week High28.2
52 Week Low18.7
CS1 EndN/A
CR1 Start21.85
Volume & EV
DER(3)0.63%
DER(5)0.68%
Volume112.72K
Volume Incr38.1%
Vol(5)111.31K
Vol(50)76.02K