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 0.99, suggesting MGY is Strong Buy.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 27.105, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it Buy.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 24.279, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it Buy.

Technical Analysis for MGY

Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-03-04, Magnolia Oil & Gas Corp (MGY) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 9 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGY stands at 70.426, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 0.99, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 83.908 and the Commodity Channel Index (CCI) at 141.654 further confirm a 2.2 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGY is trading above its 60-day moving average of $24.279 and above its 200-day long-term moving average of $23.611. Key price levels to watch include the immediate resistance at $29.062 and strong support at $26.265. A break above $29.062 could signal a bull continuation, while falling below $26.265 may test the next Fibonacci floor at $24.884.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	23.467	24.884	26.265	27.681	29.062	30.479	31.86
Fibonacci	24.884	25.952	26.613	27.681	28.75	29.41	30.479

Magnolia Oil & Gas Corp (MGY) Technical Indicators

2026-03-04

Name	Value
RSI_14	70.426
STOCHk_14_3_3	83.908
STOCHd_14_3_3	86.834
CCI_20	141.654
AO_5_34	2.133
MOM_10	2.2
MACD_12_26_9	0.99

Magnolia Oil & Gas Corp (MGY) Relative Strength Index (RSI) is 70.426, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Stochastic Oscillator is 83.908, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Stochastic RSI is 86.834, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Commodity Channel Index (CCI) is 141.654, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Awesome Oscillator is 2.133, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Momentum is 2.2, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) MACD is 0.99, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Moving Average

2026-03-04

Period	Simple	Signal
MA_5	28.15	Buy
MA_10	27.646	Buy
MA_20	27.105	Buy
MA_60	24.279	Buy
MA_200	23.611	Buy
MA_250	23.389	Buy

Magnolia Oil & Gas Corp (MGY) 5-Day simple moving average is 28.15, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 10-Day simple moving average is 27.646, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 27.105, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 24.279, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 200-Day simple moving average is 23.611, while Magnolia Oil & Gas Corp (MGY) share price is $29, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 250-Day simple moving average is 23.389, while Magnolia Oil & Gas Corp (MGY) share price is $29, 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 Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 5 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 26.265 and a major resistance level at 29.062. Traders also monitor the pivot point at 27.681 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 70.426. This indicates that the stock is in overbought 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 0.99, suggesting MGY is Strong Buy. 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 $29, which is above its 200-day simple moving average of 23.611. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.