Why is MGY Down Today?

MGY
$24.77
▼ -2.90% ($-0.74)
Last updated: Feb 02, 2026 8:59 PM ET

Overall Confidence: 50%

50% Confident

Based on news, social sentiment, options activity, and sector analysis

PENDING 50% Confidence
🎯 Analysis In Progress
MGY is down 2.9% today. Full analysis will be available shortly.

✅ Move Confirmation

LOW VOLUME 1.0x average volume

UNCONFIRMED - Low volume suggests this move may not be sustainable.

Market Comparison

MGY is significantly underperforming the market (-3.4% vs SPY)
S&P 500
SPY
+0.5%
Nasdaq 100
QQQ
+0.69%
MGY
This Stock
-2.90%
vs S&P 500: -3.4%
vs Nasdaq: -3.59%

📊 What Happens Next?

Probability Analysis

50% chance this move continues in the next 1-3 days

Expected Range

Based on historical patterns and options pricing, MGY is expected to trade between:
$24.03 - $25.51

🔔 Get MGY Alerts

We'll notify you when MGY's trend changes or a new signal fires.

Last updated: Feb 02, 2026 8:59 PM
Data refreshes every 30 minutes during market hours

Frequently Asked Questions

Why is MGY stock down today?

MGY is down 2.9% today. Full analysis will be available shortly.

Is MGY stock a buy or sell right now?

Based on current analysis, MGY shows 50% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →

What is the MGY stock price target?

MGY is currently trading at $24.77. Based on today's momentum, the expected short-term range is $24.03 - $25.51. See long-term price prediction →

Will MGY stock continue falling?

Our analysis shows a 50% probability that MGY's move continues in the next 1-3 days.

Is MGY stock oversold or overbought?

MGY's RSI (Relative Strength Index) is currently at 64.5. This shows bullish momentum - the stock has positive momentum but isn't overextended yet.

What is the momentum for MGY stock?

MGY's 10-day momentum indicator is at 2.17. Strong bullish momentum - the stock is gaining significant upward force. This often precedes continued gains.

Is MGY outperforming or underperforming the market?

MGY (-2.90%) is currently significantly underperforming the market (-3.4% vs SPY). Today, the S&P 500 (SPY) is up 0.50%, and Nasdaq (QQQ) is up 0.69%.

What does MACD indicate for MGY?

MGY's MACD (0.78) is currently above the signal line (0.54), indicating a bullish trend. This technical signal suggests buying pressure is dominant. The trend strength (ADX: 32.9) is strong.

Is MGY in an uptrend or downtrend?

Based on moving average analysis, MGY is in a bullish trend. The price ($24.77) is trading above both the 20-day SMA ($23.3) and 50-day SMA ($22.84). This alignment typically indicates sustained upward momentum.

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