MAGNORA ASA (MGN.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:MGN - NO0010187032 - Common Stock
We assign a technical rating of 2 out of 10 to MGN. In the past year, MGN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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 20.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.78, a Stop Loss order could be placed below this zone.
More info and screens
18.75
We found 1 important support area.
- A support zone ranging from 18.94 to 19.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 20.30 to 20.70. 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 | UP | POSITIVE | The short term trend for MGN.OL is up. |
| ChartMill Relative Strength | 10.54 | NEGATIVE | MGN.OL has a low relative strength, it was outperformed by 89.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGN.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MGN.OL is above 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) | 56.09 | NEUTRAL | The RSI value for MGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MGN.OL has a positive trend. |
| Stochastics (14,3) | 64.34 | NEUTRAL | The Stochastics value for MGN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for MGN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.44 | NEGATIVE | The low ADX value for MGN.OL suggests a weak or negative trend. |
OSL:MGN (12/22/2025, 12:16:00 PM)
20
-0.1 (-0.5%)
MAGNORA ASA / MGN.OL FAQ
What is the ChartMill technical rating of MAGNORA ASA (MGN.OL) stock?
ChartMill assigns a technical rating of 2 / 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 56.0932. 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 0.113692, 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 positive.