MAGNORA ASA (MGN.OL) Stock Technical Analysis
OSL:MGN - NO0010187032 - Common Stock
23.3 NOK
-0.1 (-0.43%)
Overall MGN gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, MGN is a bad performer in the overall market: 74% of all stocks are doing better.
MGN is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 55% of 19 stocks in the same industry.
MGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGN is lagging the market.
In the last month MGN has a been trading in the 22.60 - 24.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MGN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.26, a Stop Loss order could be placed below this zone.
More info and screens
22.57
25.05
When analyzing the support we notice one important area.
- A support zone ranging from 22.80 to 23.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.38 to 24.80. 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 | 26.01 | NEGATIVE | MGN.OL has a low relative strength, it was outperformed by 73.99% 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) | UP | MIXED | The current price of MGN.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.88 | NEUTRAL | The RSI value for MGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MGN.OL has a positive trend. |
| Stochastics (14,3) | 52.87 | NEUTRAL | The Stochastics value for MGN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for MGN.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.53 | NEGATIVE | The low ADX value for MGN.OL suggests a weak or negative 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 (8/26/2025, 4:13:43 PM)
23.3
-0.1 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.43%
1 Week1.3%
2 Weeks-0.85%
1 Month-1.48%
3 Month-5.09%
6 Month5.43%
12 Month-2.92%
2 Year-35.9%
3 Year-4.7%
5 Year37.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%1.92%
ATR Inc16.67%
Range Today0.47
ADR(20)0.44
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.01
Mansfield-1.11
10 Day High23.75
10 Day Low22.6
20 Day High24.2
20 Day Low22.6
52 Week High28.2
52 Week Low18.7
CS1 End23.26
CR1 Start23.38
Volume & EV
DER(3)-1.82%
DER(5)-0.88%
Volume13.12K
Volume Incr5.88%
Vol(5)58.84K
Vol(50)68.38K