MAGNOLIA OIL & GAS CORP - A (MGY) Stock Technical Analysis
NYSE:MGY - New York Stock Exchange, Inc. - US5596631094 - Common Stock - Currency: USD
Overall MGY gets a technical rating of 1 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
73% of all other stocks performed better in the past year than MGY.
MGY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGY is lagging the market.
MGY has an average volume of 3218560 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 213 stocks in the same industry.
In the last month MGY has a been trading in the 20.25 - 23.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of MGY is bad and it also does not present a 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
19.99
24.69
When analyzing the support we can see 2 important areas.
- Support @21.22 from a trend line in the daily time frame.
- A support zone ranging from 20.19 to 20.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.39 to 22.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.32 to 23.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.45 from a trend 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 | DOWN | NEGATIVE | The long term trend for MGY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGY is down. |
| ChartMill Relative Strength | 27.4 | NEGATIVE | MGY has a low relative strength, it was outperformed by 72.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGY is below the rising 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) | 47.05 | NEUTRAL | The RSI value for MGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.32 | NEUTRAL | The Stochastics value for MGY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for MGY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.67
-0.04 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.18%
1 Week-4.28%
2 Weeks-1.46%
1 Month2.12%
3 Month-9.86%
6 Month-24.73%
12 Month-13.01%
2 Year12.11%
3 Year-21.51%
5 Year290.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%3.09%
ATR Inc-18.34%
Range Today0.43
ADR(20)0.55
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.4
Mansfield-1.33
10 Day High23.53
10 Day Low21.23
20 Day High23.53
20 Day Low20.25
52 Week High29.02
52 Week Low19.09
CS1 End21.22
CR1 Start22.39
Volume & EV
DER(3)-1.05%
DER(5)-1.27%
Volume1.16M
Volume Incr-34.3%
Vol(5)1.74M
Vol(50)3.22M