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Technical Sentiment Analysis for Magnolia Oil & Gas Corp (MGY) As of 2026-03-02, Magnolia Oil & Gas Corp (MGY) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 9 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGY stands at 71.041, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 0.938, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 89.894 and the Commodity Channel Index (CCI) at 210 further confirm a 1.77 outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MGY is trading above its 60-day moving average of $24.11 and above its 200-day long-term moving average of $23.555. Key price levels to watch include the immediate resistance at $28.962 and strong support at $25.544. A break above $28.962 could signal a bull continuation, while falling below $25.544 may test the next Fibonacci floor at $23.903.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 22.127 | 23.903 | 25.544 | 27.321 | 28.962 | 30.738 | 32.379 |
| Fibonacci | 23.903 | 25.209 | 26.015 | 27.321 | 28.626 | 29.433 | 30.738 |
2026-03-02
| Name | Value |
|---|---|
| RSI_14 | 71.041 |
| STOCHk_14_3_3 | 89.894 |
| STOCHd_14_3_3 | 86.608 |
| CCI_20 | 210 |
| AO_5_34 | 1.987 |
| MOM_10 | 1.77 |
| MACD_12_26_9 | 0.938 |
2026-03-02
| Period | Simple | Signal |
|---|---|---|
| MA_5 | 27.59 | Buy |
| MA_10 | 27.185 | Buy |
| MA_20 | 26.774 | Buy |
| MA_60 | 24.11 | Buy |
| MA_200 | 23.555 | Buy |
| MA_250 | 23.341 | Buy |