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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
$23.78
$0.81(3.53%)
U.S. Market opens in 0h 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:Neutral to Bearish (RSI: 42.66)
Trend Strength:Moderate (ADX: 27.94)
Volatility:Medium (ATR: 0.88)
Support/Resistance:$22.51 – $27.44 (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): 42.66

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 22.18

Bearish
Momentum remains weak below midpoint.

Williams %R: -62.72

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -5.92

Strongly Bearish
Sharp downside momentum.

Takeaway:Magnolia Oil & Gas Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.51

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 27.94

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.88

Low
Low volatility, stable price action.

CCI (14): -70.69

Bearish
Bearish, momentum remains under pressure.

Takeaway:Magnolia Oil & Gas Corporation shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$27.44
Middle Band (SMA 20)
$24.97
Lower Band
$22.51
Current Position
Within Bands

Takeaway:Magnolia Oil & Gas Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$26.27
Middle Line (EMA 20)
$24.51
Lower Channel
$22.74
Squeeze Status
No Squeeze

Takeaway:Magnolia Oil & Gas Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-13.87M
Money Flow Index44.71Neutral, balanced money flows with no clear signal.
Relative Vigor Index63.86Bullish, price momentum strongly favors buyers.

Overall Takeaway:MGY shows mixed signals in money flow analysis.

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

ADX above 20 → strong underlying trend.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Magnolia Oil & Gas Corporation shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(NYSE: MGY) Technical Analysis FAQ