MAGNORA ASA (MGN.OL) Stock Technical Analysis
Europe - OSL:MGN - NO0010187032 - Common Stock
22.35 NOK
-0.05 (-0.22%)
We assign a technical rating of 0 out of 10 to MGN. 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: 77% of all stocks are doing better.
In the last month MGN has a been trading in the 22.10 - 23.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
MGN is part of the Independent Power and Renewable Electricity Producers industry. There are 22 other stocks in this industry, MGN did better than 61% of them.
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.
MGN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
22.13
25.05
We can see 3 important resistance areas.
- A resistance zone ranging from 22.50 to 23.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.05 from a trend line in the daily time frame.
- Resistance @24.80 from a horizontal line in the weekly 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 | 23.65 | NEGATIVE | MGN.OL has a low relative strength, it was outperformed by 76.35% 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) | 41.22 | NEUTRAL | The RSI value for MGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MGN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.96 | NEUTRAL | The Stochastics value for MGN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for MGN.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.52 | 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 (9/19/2025, 7:00:00 PM)
22.35
-0.05 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.22%
1 Week-0.67%
2 Weeks0.68%
1 Month-4.49%
3 Month-4.28%
6 Month-3.25%
12 Month-6.68%
2 Year-38.43%
3 Year2.05%
5 Year10.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%1.98%
ATR Inc-18.6%
Range Today0.35
ADR(20)0.43
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.65
Mansfield-1.61
10 Day High23.7
10 Day Low22.15
20 Day High23.75
20 Day Low22.1
52 Week High28.2
52 Week Low18.7
CS1 EndN/A
CR1 Start22.5
Volume & EV
DER(3)0.11%
DER(5)0.07%
Volume77.40K
Volume Incr16.71%
Vol(5)73.99K
Vol(50)67.73K