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.N) Moving Averages Convergence Divergence (MACD) indicator is 1.043, suggesting MGY.N is Strong buy.

Magnolia Oil & Gas Corp (MGY.N) 20-Day simple moving average is 24.224, while Magnolia Oil & Gas Corp (MGY.N) share price is $26.99, making it Buy.

Magnolia Oil & Gas Corp (MGY.N) 60-Day simple moving average is 23.066, while Magnolia Oil & Gas Corp (MGY.N) share price is $26.99, making it Buy.

Technical Analysis for MGY

Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-02-06, 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 75.728, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 1.043, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 92.908 and the Commodity Channel Index (CCI) at 142.919 further confirm a 2.89 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGY is trading below its 60-day moving average of $23.066 and below its 200-day long-term moving average of $23.134. Key price levels to watch include the immediate resistance at $27.407 and strong support at $23.722. A break above $27.407 could signal a bull continuation, while falling below $23.722 may test the next Fibonacci floor at $21.911.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	20.037	21.911	23.722	25.596	27.407	29.281	31.092
Fibonacci	21.911	23.319	24.188	25.596	27.004	27.873	29.281

Magnolia Oil & Gas Corp (MGY) Technical Indicators

2026-02-06

Name	Value
RSI_14	75.728
STOCHk_14_3_3	92.908
STOCHd_14_3_3	87.192
CCI_20	142.919
AO_5_34	2.584
MOM_10	2.89
MACD_12_26_9	1.043

Magnolia Oil & Gas Corp (MGY) Relative Strength Index (RSI) is 75.728, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Stochastic Oscillator is 92.908, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Stochastic RSI is 87.192, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Commodity Channel Index (CCI) is 142.919, creating a Sell signal.

Magnolia Oil & Gas Corp (MGY) Awesome Oscillator is 2.584, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Momentum is 2.89, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) MACD is 1.043, creating a Buy signal.

Magnolia Oil & Gas Corp (MGY) Moving Average

2026-02-06

Period	Simple	Signal
MA_5	25.998	Buy
MA_10	25.533	Buy
MA_20	24.224	Buy
MA_60	23.066	Buy
MA_200	23.134	Buy
MA_250	23.135	Buy

Magnolia Oil & Gas Corp (MGY) 5-Day simple moving average is 25.998, while Magnolia Oil & Gas Corp (MGY) share price is $26.99, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 10-Day simple moving average is 25.533, while Magnolia Oil & Gas Corp (MGY) share price is $26.99, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 20-Day simple moving average is 24.224, while Magnolia Oil & Gas Corp (MGY) share price is $26.99, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 60-Day simple moving average is 23.066, while Magnolia Oil & Gas Corp (MGY) share price is $26.99, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 200-Day simple moving average is 23.134, while Magnolia Oil & Gas Corp (MGY) share price is $26.99, making it a Buy.

Magnolia Oil & Gas Corp (MGY) 250-Day simple moving average is 23.135, while Magnolia Oil & Gas Corp (MGY) share price is $26.99, making it a Buy.

People Also Watch

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 23.722 and a major resistance level at 27.407. Traders also monitor the pivot point at 25.596 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 75.728. 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 1.043, 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 $26.99, which is above its 200-day simple moving average of 23.134. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.