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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
$28.14
$0.08(0.28%)
U.S. Market opens in 61h 23m

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:Bullish (RSI: 65.53)
Trend Strength:Weak (ADX: 18.39)
Volatility:Medium (ATR: 0.84)
Support/Resistance:$23.07 – $28.39 (Bollinger Bands)

Technical conditions suggest Magnolia Oil & Gas Corporation on the NYSE is awaiting a decisive move. Overall, Magnolia Oil & Gas Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 65.53

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 96.07

Bearish
Overbought levels may trigger pullback.

Williams %R: -2.75

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 12.42

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: 0.50

Bullish
Bullish, trend momentum is strengthening.

ADX: 18.39

Weak
Weak trend, market trading sideways.

ATR (14): 0.84

Low
Low volatility, stable price action.

CCI (14): 142.45

Bearish Risk
Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$28.39
Middle Band (SMA 20)
$25.73
Lower Band
$23.07
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$28.04
Middle Line (EMA 20)
$26.37
Lower Channel
$24.70
Squeeze Status
No Squeeze

Takeaway:Magnolia Oil & Gas Corporation trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-4.20M
Money Flow Index79.93Bullish, inflows support continued momentum.
Relative Vigor Index79.18Bullish, 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 (NYSE: MGY), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

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

(NYSE: MGY) Technical Analysis FAQ