MGY Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Magnolia Oil & Gas Corp (MGY) Moving Averages Convergence Divergence (MACD) indicator is -0.0254, suggesting MGY is Strong Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 29.267, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 29.23, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it Sell.

Technical Analysis for MGY

Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-05-07, Magnolia Oil & Gas Corp (MGY) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 3 indicators are flashing buy, while 7 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGY stands at 40.453, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.0254, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 54.042 and the Commodity Channel Index (CCI) at -123.946 further confirm a -1.52 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGY is trading above its 60-day moving average of $29.23 and above its 200-day long-term moving average of $25.174. Key price levels to watch include the immediate resistance at $31.613 and strong support at $27.463. A break above $31.613 could signal a bull continuation, while falling below $27.463 may test the next Fibonacci floor at $25.206.

Magnolia Oil & Gas Corp (MGY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	23.313	25.206	27.463	29.356	31.613	33.506	35.763
Fibonacci	25.206	26.792	27.771	29.356	30.942	31.921	33.506

Magnolia Oil & Gas Corp (MGY) Technical Indicators

2026-05-07

Name	Value
RSI_14	40.453
STOCHk_14_3_3	54.042
STOCHd_14_3_3	75.817
CCI_20	-123.946
AO_5_34	-0.31
MOM_10	-1.52
MACD_12_26_9	-0.0254

Magnolia Oil & Gas Corp (MGY) Relative Strength Index (RSI) is 40.453, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic Oscillator is 54.042, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic RSI is 75.817, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Commodity Channel Index (CCI) is -123.946, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Awesome Oscillator is -0.31, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Momentum is -1.52, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) MACD is -0.0254, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Moving Average

2026-05-07

Period	Simple	Signal
MA_5	29.764	Sell
MA_10	29.719	Sell
MA_20	29.267	Sell
MA_60	29.23	Sell
MA_200	25.174	Buy
MA_250	24.726	Buy

Magnolia Oil & Gas Corp (MGY) 5-Day simple moving average is 29.764, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 10-Day simple moving average is 29.719, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 29.267, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 29.23, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 200-Day simple moving average is 25.174, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 250-Day simple moving average is 24.726, while Magnolia Oil & Gas Corp (MGY) share price is $28.02, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for MGY?

The overall technical consensus for Magnolia Oil & Gas Corp (MGY) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 1 buy signals and 3 sell signals.

What are the key support and resistance levels for Magnolia Oil & Gas Corp (MGY) today?

Based on pivot point calculations, Magnolia Oil & Gas Corp (MGY) has an immediate support level at 27.463 and a major resistance level at 31.613. Traders also monitor the pivot point at 29.356 to determine the intraday trend direction.

Is Magnolia Oil & Gas Corp (MGY) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Magnolia Oil & Gas Corp (MGY) is currently 40.453. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Magnolia Oil & Gas Corp (MGY)?

Magnolia Oil & Gas Corp (MGY) Moving Averages Convergence Divergence (MACD) indicator is -0.0254, suggesting MGY is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for Magnolia Oil & Gas Corp.

How is Magnolia Oil & Gas Corp (MGY) performing relative to its 200-day moving average?

Magnolia Oil & Gas Corp (MGY) is currently trading at $28.02, which is above its 200-day simple moving average of 25.174. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.