MAGNOLIA OIL & GAS CORP - A (MGY) Stock Technical Analysis
NYSE:MGY - US5596631094 - Common Stock
24.535 USD
+0.48 (+2.02%)
We assign a technical rating of 7 out of 10 to MGY. Although MGY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
MGY has an average volume of 2540830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, MGY turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
MGY is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, MGY did better than 55% 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 22.86 - 25.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MGY has an excellent technical rating, it does not present a decent entry opportunity 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
20.42
25.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.10 to 23.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.48 from a horizontal line in the daily time frame.
- Support @20.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.88 to 25.24. This zone is formed by a combination of multiple trend lines 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 | 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 | 47.46 | NEUTRAL | MGY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGY is above 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 | MIXED | The current price of MGY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.71 | NEUTRAL | The RSI value for MGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.07 | NEUTRAL | The Stochastics value for MGY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 12.38 | 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)
NYSE:MGY (9/4/2025, 2:42:15 PM)
24.535
+0.48 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.02%
1 Week-0.37%
2 Weeks4.11%
1 Month-0.37%
3 Month5.71%
6 Month3.44%
12 Month2.04%
2 Year4.98%
3 Year21.4%
5 Year365.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%2.55%
ATR Inc98.41%
Range Today0.83
ADR(20)0.6
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.46
Mansfield-0.83
10 Day High25.35
10 Day Low22.9
20 Day High25.35
20 Day Low22.86
52 Week High29.02
52 Week Low19.09
CS1 End23.91
CR1 Start24.88
Volume & EV
DER(3)-1.51%
DER(5)-1.98%
Volume1.35M
Volume Incr1.76%
Vol(5)2.44M
Vol(50)2.54M