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Magnolia Oil & Gas Corporation

MGY•NYSE
Energy
Oil & Gas Exploration & Production
$30.17
$0.28(0.94%)
U.S. Market opens in 14h 8m

Magnolia Oil & Gas Corporation (MGY) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Magnolia Oil & Gas Corporation (NYSE:MGY).

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

Magnolia Oil & Gas Corporation stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 56.54)
Trend Strength:Weak (ADX: 15.89)
Volatility:Medium (ATR: 0.89)
Support/Resistance:$27.62 – $31.16 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 56.54

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 66.55

Bullish
Buying momentum building without extremes.

Williams %R: -26.33

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -0.25

Neutral
Price change is minimal.

Takeaway:Magnolia Oil & Gas Corporation shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: -0.04

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.89

Weak
Weak trend, market trading sideways.

ATR (14): 0.89

Low
Low volatility, stable price action.

CCI (14): 65.26

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
$31.16
Middle Band (SMA 20)
$29.39
Lower Band
$27.62
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$31.11
Middle Line (EMA 20)
$29.33
Lower Channel
$27.55
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 Volume27.40M
Money Flow Index57.18Neutral, balanced money flows with no clear signal.
Relative Vigor Index68.71Bullish, price momentum strongly favors buyers.

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, 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:Technical indicators for Magnolia Oil & Gas Corporation are mixed, suggesting a Hold or wait-and-see approach.

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