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 -0.223, suggesting MGY is Strong Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 29.249, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 29.632, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it Sell.

Technical Analysis for MGY

Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-05-27, Magnolia Oil & Gas Corp (MGY) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 4 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGY stands at 37.753, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.223, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 31.26 and the Commodity Channel Index (CCI) at -121.767 further confirm a -1.07 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGY is trading above its 60-day moving average of $29.632 and above its 200-day long-term moving average of $25.5. Key price levels to watch include the immediate resistance at $30.605 and strong support at $27.545. A break above $30.605 could signal a bull continuation, while falling below $27.545 may test the next Fibonacci floor at $25.993.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	24.485	25.993	27.545	29.053	30.605	32.113	33.665
Fibonacci	25.993	27.162	27.884	29.053	30.222	30.944	32.113

Magnolia Oil & Gas Corp (MGY) Technical Indicators

2026-05-27

Name	Value
RSI_14	37.753
STOCHk_14_3_3	31.26
STOCHd_14_3_3	43.578
CCI_20	-121.767
AO_5_34	-0.0912
MOM_10	-1.07
MACD_12_26_9	-0.223

Magnolia Oil & Gas Corp (MGY) Relative Strength Index (RSI) is 37.753, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic Oscillator is 31.26, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic RSI is 43.578, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Commodity Channel Index (CCI) is -121.767, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Awesome Oscillator is -0.0912, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Momentum is -1.07, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) MACD is -0.223, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Moving Average

2026-05-27

Period	Simple	Signal
MA_5	28.792	Sell
MA_10	29.098	Sell
MA_20	29.249	Sell
MA_60	29.632	Sell
MA_200	25.5	Buy
MA_250	25.066	Buy

Magnolia Oil & Gas Corp (MGY) 5-Day simple moving average is 28.792, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 10-Day simple moving average is 29.098, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 29.249, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 29.632, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 200-Day simple moving average is 25.5, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 250-Day simple moving average is 25.066, while Magnolia Oil & Gas Corp (MGY) share price is $27.57, 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 2 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 27.545 and a major resistance level at 30.605. Traders also monitor the pivot point at 29.053 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 37.753. 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 -0.223, 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 $27.57, which is above its 200-day simple moving average of 25.5. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.