Magnolia Oil & Gas Corporation Class A
NYSE · Common stock
Close, Oct 16, 2026
Context across dimensions, not a rating
Counts ending at the latest intermediate swing low, 23.15 on Sep 29, 2026. 114 labelings tested, 83 broke a hard rule, 12+ remain.
Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.
4 relationships · strength 6.2 · Intermediate, Minor degrees
Intermediate degree · from the preferred count
A correction looks complete, so the larger trend would normally resume.
Pattern Confidence 80 · High
Latest close
End of wave C: beyond it the correction is still extending
Move after the correction retraces 61.8% of A–C
Invalidation 8.7% from the reference level · 3.3 ATR
Track record: this setup reached its target first in 29% of 1,608 past cases, averaging +0.08R. Method
Daily chart, as of Oct 16, 2026
Since the count's last pivot (23.15, Sep 29, 2026) price has moved +9.5%, the way the count expects.12 of 12 rule-valid counts expect the current move to be up.Weekly count: flat wave C ↓, opposite direction
A three-wave zigzag correction down looks complete, so the larger trend would normally resume up.
A-B-C from 32.76, Mar 30, 2026
6 of 6 checks met
The pattern ended here. A move below it means its last wave is still going, so the pattern isn't complete.
Move after the correction retraces 61.8% of A–C
4 Fibonacci relationships meet here.
Price is in wave D of a sideways triangle.
A-B-C from 32.76, Mar 30, 2026
2 of 2 checks met
None.
Wave counts are built on these swings and each one passes every rule in the rulebook. They are ranked by how many guidelines they satisfy; the preferred and alternate counts are summarized above the chart.