MAGNOLIA OIL & GAS CORP - A (MGY) Stock Technical Analysis
USA - NYSE:MGY - US5596631094 - Common Stock
Taking everything into account, MGY scores 0 out of 10 in our technical rating. MGY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MGY 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. There is a support zone below the current price at 22.48, a Stop Loss order could be placed below this zone.
More info and screens
20.18
When analyzing the support we can see 3 important areas.
- Support @22.48 from a horizontal line in the daily time frame.
- Support @20.73 from a trend line in the weekly time frame.
- Support @20.38 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.90 to 23.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.60 to 25.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.72 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MGY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGY is down. |
| ChartMill Relative Strength | 20.61 | NEGATIVE | MGY has a low relative strength, it was outperformed by 79.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for MGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.54 | NEUTRAL | The Stochastics value for MGY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.03 | NEGATIVE | The low ADX value for MGY suggests a weak or negative trend. |
22.76
-0.44 (-1.9%)
MAGNOLIA OIL & GAS CORP - A / MGY FAQ
Can you provide the ChartMill technical rating for MAGNOLIA OIL & GAS CORP - A?
ChartMill assigns a technical rating of 0 / 10 to MGY.
What is the current trend direction of MAGNOLIA OIL & GAS CORP - A (MGY) stock?
The current trend direction for MAGNOLIA OIL & GAS CORP - A (MGY) is Bearish.
What is the RSI signal for MAGNOLIA OIL & GAS CORP - A (MGY) stock?
MAGNOLIA OIL & GAS CORP - A (MGY) has an RSI value of 42.8606. This indicates that the stock is currently neutral.
What is the MACD signal for MGY stock?
The MACD indicator for MAGNOLIA OIL & GAS CORP - A (MGY) has a value of 0.00393456, indicating a bearish trend.
Can you provide the support and resistance levels for MAGNOLIA OIL & GAS CORP - A?
MAGNOLIA OIL & GAS CORP - A (MGY) has a support level at 22.48 and a resistance level at 22.9. Check the full technical report for our detailed analysis of MGY support and resistance levels.