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 -0.474, suggesting MGY is Strong Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 27.881, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 29.15, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it Sell.

Technical Analysis for MGY

Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-06-17, Magnolia Oil & Gas Corp (MGY) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 2 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 42.265, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.474, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 43.415 and the Commodity Channel Index (CCI) at -84.868 further confirm a -0.74 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGY is trading above its 60-day moving average of $29.15 and above its 200-day long-term moving average of $25.777. Key price levels to watch include the immediate resistance at $28.447 and strong support at $26.412. A break above $28.447 could signal a bull continuation, while falling below $26.412 may test the next Fibonacci floor at $25.313.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	24.377	25.313	26.412	27.348	28.447	29.383	30.482
Fibonacci	25.313	26.091	26.571	27.348	28.126	28.606	29.383

Magnolia Oil & Gas Corp (MGY) Technical Indicators

2026-06-17

Name	Value
RSI_14	42.265
STOCHk_14_3_3	43.415
STOCHd_14_3_3	37.332
CCI_20	-84.868
AO_5_34	-1.258
MOM_10	-0.74
MACD_12_26_9	-0.474

Magnolia Oil & Gas Corp (MGY) Relative Strength Index (RSI) is 42.265, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic Oscillator is 43.415, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic RSI is 37.332, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Commodity Channel Index (CCI) is -84.868, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Awesome Oscillator is -1.258, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Momentum is -0.74, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) MACD is -0.474, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Moving Average

2026-06-17

Period	Simple	Signal
MA_5	27.254	Sell
MA_10	27.51	Sell
MA_20	27.881	Sell
MA_60	29.15	Sell
MA_200	25.777	Buy
MA_250	25.338	Buy

Magnolia Oil & Gas Corp (MGY) 5-Day simple moving average is 27.254, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 10-Day simple moving average is 27.51, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 27.881, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 29.15, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 200-Day simple moving average is 25.777, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 250-Day simple moving average is 25.338, while Magnolia Oil & Gas Corp (MGY) share price is $27.1, 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 0 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 26.412 and a major resistance level at 28.447. Traders also monitor the pivot point at 27.348 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 42.265. 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 -0.474, 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 $27.1, which is above its 200-day simple moving average of 25.777. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.