NYSE:MGY Technical Analysis

Magnolia Oil & Gas Corp — Technical Analysis & Chart Patterns

Back to MGY

Nine formations appear in MGY's daily price history. A donchian breakout, bullish completed with an upward breakout on October 19, 2026; a fair value gap (fvg), bearish completed with a downward breakout on November 2, 2026; an elliott wave flat correction is currently forming and has not yet triggered; a donchian breakout, bearish completed with a downward breakout on November 4, 2026; a p&f double bottom breakdown completed with a downward breakout on November 4, 2026; a long day, black printed a bearish signal on November 4, 2026; a Wyckoff markup phase has been under way since April 30, 2025; a head-and-shoulders top is currently forming and has not yet triggered; a triple bottom is currently forming and has not yet triggered.

Signal balance Bearish tilt 3 bullish (3.5) · 5 bearish (13.5)
Live signals only, weighted by each pattern's measured edge (proven counts double promising, which counts double unproven; confirmed breakouts count full, forming setups, phases and candles half). Trades that already resolved don't vote. 1 signal from negative-edge patterns excluded.

Patterns

last close, adjusted
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BREAKOUT UP
Wyckoff Markup Phase — Apr 30, 2025 to Nov 5, 2026
FORMING
Head-and-Shoulders Top — Jul 17, 2026 to Nov 5, 2026
FORMING
Triple Bottom — Aug 5, 2026 to Nov 5, 2026
BREAKOUT DOWN
Long Day, Black — Nov 4, 2026 to Nov 4, 2026 · broke out on Nov 4, 2026
BREAKOUT DOWN
Donchian Breakout, Bearish — Oct 7, 2026 to Nov 3, 2026 · broke out on Nov 4, 2026
BREAKOUT DOWN
P&F Double Bottom Breakdown — Oct 15, 2026 to Nov 3, 2026 · broke out on Nov 4, 2026
FORMING
Elliott Wave Flat Correction — Jul 28, 2026 to Oct 28, 2026
BREAKOUT DOWN
Fair Value Gap (FVG), Bearish — Sep 15, 2026 to Oct 23, 2026 · broke out on Nov 2, 2026
BREAKOUT UP
Donchian Breakout, Bullish — Sep 21, 2026 to Oct 16, 2026 · broke out on Oct 19, 2026
Detected on this chart: Wyckoff Markup Phase, Head-and-Shoulders Top (forming now), Triple Bottom (forming now), Long Day, Black, Donchian Breakout, Bearish, P&F Double Bottom Breakdown, Elliott Wave Flat Correction (forming now), Fair Value Gap (FVG), Bearish, Donchian Breakout, Bullish. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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