MAGNOLIA OIL & GAS CORP - A (MGY) Technical Analysis
NYSE:MGY • US5596631094
Current stock price
MGY Technical Rating and Analysis
Overall MGY gets a technical rating of 8 out of 10. In the last year, MGY was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month MGY has a been trading in the 28.36 - 32.76 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that MGY is one of the better performing stocks in the market, outperforming 82% of all stocks.
- MGY has an average volume of 3143790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MGY is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 57% of 209 stocks in the same industry.
- MGY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGY is lagging the market.
MGY Weekly and Daily overview Charts
MGY Setup Rating and Analysis
MGY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.59, a Stop Loss order could be placed below this zone.
More info and screens
MGY Support and Resistance Analysis
21.20
3 important support areas can be observed.
- Support @23.14 from a horizontal line in the daily time frame.
- Support @22.23 from a trend line in the weekly time frame.
- Support @21.41 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.41 to 28.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.36 to 32.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGY Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MGY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGY is neutral. |
| ChartMill Relative Strength | 82.74 | POSITIVE | MGY has a high relative strength, it outperformed 82.74% 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) | UP | MIXED | The current price of MGY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.74 | NEUTRAL | The RSI value for MGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests MGY has a negative trend. |
| Stochastics (14,3) | 18.6 | OVERSOLD | The low Stochastics value suggests MGY may be oversold. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for MGY suggests a possible start of a new trend. |
MGY Chart- and CandleStick Pattern Analysis
MGY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.36 | 28.40 | 1.96 (6.45%) | 15.50% |
| An entry @30.36. This is a Buy Stop order right above the 10 day moving average. | An exit @28.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.96 points, which is 6.45%. | When investing 15.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MGY Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MGY (4/15/2026, 12:38:09 PM)
28.32
-0.28 (-0.98%)
MAGNOLIA OIL & GAS CORP - A / MGY TA FAQ
Can you provide the ChartMill technical rating for MAGNOLIA OIL & GAS CORP - A?
ChartMill assigns a technical rating of 8 / 10 to MGY.
What is the trend direction for MGY stock?
The current trend direction for MAGNOLIA OIL & GAS CORP - A (MGY) is Bullish.
Can you provide the RSI signal for MAGNOLIA OIL & GAS CORP - A?
MAGNOLIA OIL & GAS CORP - A (MGY) has an RSI value of 40.7369. This indicates that the stock is currently neutral.
What is the MACD signal for MAGNOLIA OIL & GAS CORP - A (MGY) stock?
The MACD indicator for MAGNOLIA OIL & GAS CORP - A (MGY) has a value of -0.43229, indicating a bearish trend.
What is the support and resistance level for MGY stock?
MAGNOLIA OIL & GAS CORP - A (MGY) has a support level at 28.59 and a resistance level at 32.36. Check the full technical report for our detailed analysis of MGY support and resistance levels.