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 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MGY was also a bad performer in the overall market in the last year.
69% of all other stocks performed better in the past year than MGY.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MGY has a been trading in the 21.23 - 24.63 range, which is quite wide. It is currently trading near the high of this range.
MGY has an average volume of 2607760 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 48% of 213 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 has an average technical rating and it also 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
21.29
25.13
When analyzing the support we notice one important area.
- A support zone ranging from 21.50 to 21.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.22 to 24.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.88 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 | NEUTRAL | NEUTRAL | The long term trend for MGY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGY is up. |
| ChartMill Relative Strength | 31.37 | NEUTRAL | MGY is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MGY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.91 | NEUTRAL | The RSI value for MGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.22 | OVERBOUGHT | The high Stochastics value suggests MGY may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for MGY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.54 | NEUTRAL | The ADX value for MGY suggests a possible start of a new 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)
24.11
-0.11 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.45%
1 Week3.92%
2 Weeks9.54%
1 Month6.49%
3 Month-4.02%
6 Month5.33%
12 Month-3.09%
2 Year15.36%
3 Year14.86%
5 Year297.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%2.51%
ATR Inc47.42%
Range Today0.55
ADR(20)0.57
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.37
Mansfield-0.61
10 Day High24.63
10 Day Low21.85
20 Day High24.63
20 Day Low21.23
52 Week High29.02
52 Week Low19.09
CS1 End21.98
CR1 Start24.22
Volume & EV
DER(3)2.7%
DER(5)0.71%
Volume2.51M
Volume Incr67.18%
Vol(5)3.18M
Vol(50)2.61M