Magnolia Oil & Gas Corporation (MGY)

Magnolia Oil & Gas Corporation is trading at $27.48, up 2.14% on the session. The 50 day average sits at $26.10 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 54.1, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $24.96 with resistance near $27.67, so that band frames the current range. Average daily movement is roughly $0.91, or about 3.3% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 48, momentum of 64 and a risk score of 56.

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages 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 the Austin Chalk formation. The company was incorporated in 2017 and is headquartered in Houston, Texas.