Magnolia Oil & Gas Corporation technical analysis
Technical analysis of Magnolia Oil & Gas Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Magnolia Oil & Gas Corporation
Magnolia Oil & Gas Corporation is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's properties are located primarily in Karnes County and the Giddings area in South Texas, comprising the Eagle Ford Shale and Austin Chalk formations. The company was incorporated in 2017 and is headquartered in Houston, Texas.
Description generated automatically from public sources; it may be inaccurate or out of date.
Magnolia Oil & Gas Corporation: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
26.65 $
+2.11%
50 sessions
25.93 $
+4.92%
200 sessions
26.19 $
+3.89%
Session levels
s2
27.08
Support
s1
27.23
Support
pivot
27.52
Pivot
r1
27.67
Resistance
r2
27.96
Resistance
How to read it
In the September 3, 2026 session Magnolia Oil & Gas Corporation closed lower at 27.21 $, −0.62% versus the previous session.
The price sits above every moving average observed: +2.11% against the 21-session average, +4.92% against the 50 and +3.89% against the 200.
The 14-period RSI reads 55.4, in neutral territory.
MACD stands at 0.385 against a signal line at 0.353: the histogram is positive (+0.033).
ADX reads 11.0, indicating weak directionality.
Levels computed on the latest session place supports at 27.23 and 27.08 $ and resistances at 27.67 and 27.96 $, around a pivot of 27.52.
The average daily range (ATR) is 0.799 $, or 2.94% of price.
Turnover was 3.2M shares, 103% of the 20-session average.
Over the last twelve months the price ranged between 23.23 and 32.33 $, and today stands −15.85% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Magnolia Oil & Gas Corporation
How is Magnolia Oil & Gas Corporation analysed technically?
Technical analysis of Magnolia Oil & Gas Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Magnolia Oil & Gas Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Magnolia Oil & Gas Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Magnolia Oil & Gas Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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