MAGNORA ASA (MGN.OL) Technical Analysis
OSL:MGN • NO0010187032
Current stock price
MGN.OL Technical Rating and Analysis
Overall MGN gets a technical rating of 8 out of 10. Although MGN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- MGN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGN is performing more or less in line with the market.
- MGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, MGN turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- MGN is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 55% of 21 stocks in the same industry.
MGN.OL Weekly and Daily overview Charts
MGN.OL Setup Rating and Analysis
Besides having an excellent technical rating, MGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 23.25, a Stop Loss order could be placed below this zone.
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MGN.OL Support and Resistance Analysis
19.09
We found 4 important support areas.
- A support zone ranging from 22.91 to 23.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.44 from a trend line in the daily time frame.
- Support @19.86 from a horizontal line in the daily time frame.
- Support @19.28 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @23.76 from a horizontal line in the weekly time frame.
- Resistance @24.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.60 to 24.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
MGN.OL Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MGN.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGN.OL is up. |
| ChartMill Relative Strength | 69.66 | NEUTRAL | MGN.OL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MGN.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGN.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.61 | NEUTRAL | The RSI value for MGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGN.OL has a negative trend. |
| Stochastics (14,3) | 73.42 | NEUTRAL | The Stochastics value for MGN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MGN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.7 | NEUTRAL | The ADX value for MGN.OL suggests a possible start of a new trend. |
MGN.OL Chart- and CandleStick Pattern Analysis
MGN.OL Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.77 | 22.90 | 0.87 (3.66%) | 25.00% |
| An entry @23.77. This is a Buy Stop order right above the resistance zone. | An exit @22.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.87 points, which is 3.66%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MGN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MGN.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:MGN (4/1/2026, 7:00:00 PM)
23.75
+0.05 (+0.21%)
MAGNORA ASA / MGN.OL TA FAQ
What is the ChartMill technical rating of MAGNORA ASA (MGN.OL) stock?
ChartMill assigns a technical rating of 8 / 10 to MGN.OL.
What is the trend direction for MGN stock?
The current trend direction for MAGNORA ASA (MGN.OL) is Bullish.
Can you provide the RSI signal for MAGNORA ASA?
MAGNORA ASA (MGN.OL) has an RSI value of 60.6147. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGNORA ASA?
The MACD indicator for MAGNORA ASA (MGN.OL) has a value of -0.00145671, indicating a bearish trend.
What is the support and resistance level for MGN stock?
MAGNORA ASA (MGN.OL) has a support level at 23.25 and a resistance level at 23.76. Check the full technical report for our detailed analysis of MGN.OL support and resistance levels.