MGY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
MGY's stock price is currently trading at $25.37 as of March 24, 2025. The stock has shown bullish momentum, crossing above its 200-day moving average recently, which is a positive signal for traders.
Key Technical Indicators:
- RSI (14): 72.82 (Overbought territory, suggesting potential pullback)
- MACD: Slightly bullish but showing signs of weakening momentum
- Fibonacci Levels:
- Resistance: $25.08 (R1), $25.83 (R2)
- Support: $22.65 (S1), $21.90 (S2)
- Pivot: $23.86
News and Sentiment:
- Analyst Ratings: Roth MKM analyst Leo Mariani has maintained a Buy rating with a price target of $28.00, indicating confidence in MGY's growth prospects.
- Insider Activity: Positive sentiment with 19 insiders increasing their share purchases, including CEO Christopher Stavros buying 2,500 shares.
Prediction and Recommendation:
Based on the overbought RSI and approaching resistance levels, MGY is likely to face a pullback in the next trading week. The stock may test the Fibonacci support levels, with a potential price target of $24.50.
Recommendation: Sell or take profits as the stock approaches resistance levels.
MGY Similar Chart Price Prediction
The price of MGY is predicted to go up 9.81%, based on the high correlation periods with HELE. The similarity of these two price pattern on the periods is 91.76%.
MGY
HELE
Up: 9.81%Similarity: 91.76%
MGY Revenue Forecast
MGY EPS Forecast
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MGY Analyst's Forecast
Zach Parham
JP Morgan
Hold
2025-03-13
Price Target
$28 → $24
Upside
+6.48%
JPMorgan analyst Zach Parham lowered the firm's price target on Magnolia Oil & Gas to $24 from $28 and keeps a Neutral rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.
Umang Choudhary
Goldman Sachs
Strong Buy → Hold
2025-01-31
Price Target
$27 → $26
Upside
+9.7%
Neal Dingmann
Truist Securities
Strong Buy
2025-01-13
Price Target
$33 → $34
Upside
+33.6%
