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Magnolia Oil & Gas Corporation

MGY Technical Analysis Summary (NYSE)

Analyze MGY on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MGY●NYSE
EnergyOil & Gas Exploration & Production
$26.24
$0.38(1.47%)
U.S. Market opens in 37h 36m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MGY Technical Analysis Summary (NYSE)

Magnolia Oil & Gas Corporation (NYSE: MGY) stock currently shows a neutral trend on the NYSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 54.18)
Trend Strength:Weak (ADX: 15.96)
Volatility:Medium (ATR: 0.91)
Support/Resistance:$23.63 – $26.80 (Bollinger Bands)

Technical conditions suggest Magnolia Oil & Gas Corporation on the NYSE is awaiting a decisive move. Technical conditions suggest Magnolia Oil & Gas Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 54.18

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 91.53

Bearish
Overbought levels may trigger pullback.

Williams %R: -5.48

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 9.26

Strongly Bullish
Strong upside momentum.

Takeaway:Magnolia Oil & Gas Corporation shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.04

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.96

Weak
Weak trend, market trading sideways.

ATR (14): 0.91

Low
Low volatility, stable price action.

CCI (14): 97.33

Bullish
Bullish, momentum building upward.

Takeaway:Magnolia Oil & Gas Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$26.80
Middle Band (SMA 20)
$25.21
Lower Band
$23.63
Current Position
Within Bands

Takeaway:Magnolia Oil & Gas Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$27.39
Middle Line (EMA 20)
$25.57
Lower Channel
$23.74
Squeeze Status
Squeeze On

Takeaway:Magnolia Oil & Gas Corporation trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-17.20M
Money Flow Index68.06Bullish, inflows support continued momentum.
Relative Vigor Index54.59Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MGY shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Magnolia Oil & Gas Corporation (NYSE: MGY), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Magnolia Oil & Gas Corporation shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(NYSE: MGY) Technical Analysis FAQ