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 0.0533, suggesting MGY is Buy.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 30.659, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 28.139, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it Buy.

Technical Analysis for MGY

Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-04-15, Magnolia Oil & Gas Corp (MGY) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 8 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGY stands at 38.492, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.0533, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 10.404 and the Commodity Channel Index (CCI) at -180.864 further confirm a -3.38 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGY is trading above its 60-day moving average of $28.139 and above its 200-day long-term moving average of $24.683. Key price levels to watch include the immediate resistance at $32.02 and strong support at $28.02. A break above $32.02 could signal a bull continuation, while falling below $28.02 may test the next Fibonacci floor at $26.03.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	24.02	26.03	28.02	30.03	32.02	34.03	36.02
Fibonacci	26.03	27.558	28.502	30.03	31.558	32.502	34.03

Magnolia Oil & Gas Corp (MGY) Technical Indicators

2026-04-15

Name	Value
RSI_14	38.492
STOCHk_14_3_3	10.404
STOCHd_14_3_3	17.665
CCI_20	-180.864
AO_5_34	-0.52
MOM_10	-3.38
MACD_12_26_9	0.0533

Magnolia Oil & Gas Corp (MGY) Relative Strength Index (RSI) is 38.492, creating a Neutral signal.

Magnolia Oil & Gas Corp (MGY) Stochastic Oscillator is 10.404, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Stochastic RSI is 17.665, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Commodity Channel Index (CCI) is -180.864, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Awesome Oscillator is -0.52, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Momentum is -3.38, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) MACD is 0.0533, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Moving Average

2026-04-15

Period	Simple	Signal
MA_5	29.208	Sell
MA_10	30.01	Sell
MA_20	30.659	Sell
MA_60	28.139	Buy
MA_200	24.683	Buy
MA_250	24.193	Buy

Magnolia Oil & Gas Corp (MGY) 5-Day simple moving average is 29.208, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 10-Day simple moving average is 30.01, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 30.659, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it a Sell.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 28.139, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 200-Day simple moving average is 24.683, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 250-Day simple moving average is 24.193, while Magnolia Oil & Gas Corp (MGY) share price is $28.19, 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 Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 5 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 28.02 and a major resistance level at 32.02. Traders also monitor the pivot point at 30.03 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 38.492. 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 0.0533, suggesting MGY is 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 $28.19, which is above its 200-day simple moving average of 24.683. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.