MAGNOLIA OIL & GAS CORP - A (MGY) Stock Technical Analysis
NYSE:MGY - New York Stock Exchange, Inc. - US5596631094 - Common Stock - Currency: USD
Taking everything into account, MGY scores 3 out of 10 in our technical rating. MGY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MGY has an average volume of 2714290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, MGY outperforms 43% of them, which is more or less in line with the market.
MGY is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, MGY did better than 56% of them.
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.
In the last month MGY has a been trading in the 22.56 - 24.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MGY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGY in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.18
24.85
3 important support areas can be observed.
- A support zone ranging from 23.23 to 23.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.48 to 22.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.38 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.60 to 24.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MGY is neutral. |
| ChartMill Relative Strength | 43.32 | NEUTRAL | MGY is not amongst the best or worst performers 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 | POSITIVE | The current price of MGY is above the rising 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) | 49.42 | NEUTRAL | The RSI value for MGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MGY has a negative trend. |
| Stochastics (14,3) | 43.01 | NEUTRAL | The Stochastics value for MGY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.75 | 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)
23.51
+0.13 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.56%
1 Week0.26%
2 Weeks-0.97%
1 Month-1.3%
3 Month6.91%
6 Month3.16%
12 Month-3.25%
2 Year3.11%
3 Year-1.51%
5 Year265.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%2.91%
ATR Inc30.11%
Range Today0.62
ADR(20)0.67
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.32
Mansfield-1.07
10 Day High24.77
10 Day Low22.92
20 Day High24.77
20 Day Low22.56
52 Week High29.02
52 Week Low19.09
CS1 End23.34
CR1 Start23.6
Volume & EV
DER(3)3.51%
DER(5)3.88%
Volume1.99M
Volume Incr20.22%
Vol(5)3.09M
Vol(50)2.71M