MAGNOLIA OIL & GAS CORP - A (MGY) Technical Analysis
NYSE:MGY • US5596631094
Current stock price
MGY Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to MGY. Both in the recent history as in the last year, MGY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by MGY, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MGY is leading the market.
- In the last month MGY has a been trading in the 26.30 - 31.66 range, which is quite wide. It is currently trading near the high of this range.
- MGY has an average volume of 3376410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MGY is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- MGY is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 60% of 209 stocks in the same industry.
MGY Weekly and Daily overview Charts
MGY Setup Rating and Analysis
Although MGY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MGY Support and Resistance Analysis
21.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.78 to 27.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.14 from a horizontal line in the daily time frame.
- Support @22.13 from a trend line in the weekly time frame.
- Support @21.41 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for MGY is up. |
| ChartMill Relative Strength | 88.47 | POSITIVE | MGY has a high relative strength, it outperformed 88.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGY is above 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) | 79.62 | OVERBOUGHT | The high RSI value suggests MGY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MGY has a positive trend. |
| Stochastics (14,3) | 89.9 | OVERBOUGHT | The high Stochastics value suggests MGY may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 37.05 | POSITIVE | The high ADX value value for MGY suggests a strong trend. |
MGY Chart- and CandleStick Pattern Analysis
MGY Technicals: Chart, Performance Metrics, Trend & Indicators
31.29
+0.37 (+1.2%)
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 9 / 10 to MGY.
What is the trend direction for MGY stock?
The current trend direction for MAGNOLIA OIL & GAS CORP - A (MGY) is Bullish.
What is the RSI signal for MAGNOLIA OIL & GAS CORP - A (MGY) stock?
MAGNOLIA OIL & GAS CORP - A (MGY) has an RSI value of 79.624. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MAGNOLIA OIL & GAS CORP - A?
The MACD indicator for MAGNOLIA OIL & GAS CORP - A (MGY) has a value of 0.0879257, indicating a bearish trend.
What is the short term momentum for MAGNOLIA OIL & GAS CORP - A (MGY) stock?
The short term momentum for MAGNOLIA OIL & GAS CORP - A (MGY) is positive.