(MTG) Mgic Investment complete technical analysis [charts+indicators] | Buy/Sell Mgic Investment | (MTG) share price targets
Complete technical analysis of Mgic Investment (MTG) by charts plus indicators, forecast predictions and share price targets for Mgic Investment (MTG)
Mgic Investment trades in USA in Finance sector.
Showing technical analysis as on 2024-01-16 View latest technical analysis
10 day averaged volume of Mgic Investment is 1507620
Date | Daily Closing Price | Open | High | Low | Volume |
16 Tue Jan 2024 | 19.21 | 19.36 | 19.36 | 19.17 | 0.851 times |
12 Fri Jan 2024 | 19.37 | 19.40 | 19.47 | 19.25 | 1.002 times |
12 Fri Jan 2024 | 19.37 | 19.40 | 19.47 | 19.25 | 1.002 times |
11 Thu Jan 2024 | 19.21 | 19.27 | 19.34 | 19.07 | 1.097 times |
10 Wed Jan 2024 | 19.36 | 19.22 | 19.40 | 19.22 | 0.606 times |
09 Tue Jan 2024 | 19.17 | 19.35 | 19.37 | 19.10 | 0.979 times |
08 Mon Jan 2024 | 19.50 | 19.37 | 19.54 | 19.32 | 0.94 times |
05 Fri Jan 2024 | 19.29 | 19.28 | 19.62 | 19.28 | 1.368 times |
04 Thu Jan 2024 | 19.29 | 19.11 | 19.38 | 19.11 | 1.051 times |
03 Wed Jan 2024 | 19.14 | 19.16 | 19.34 | 19.05 | 0.871 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 19.2 as stoploss in an intra day buy trade for a target of 19.33. However, stock will show a bearish move below 19.2.
Share price targets for Mgic Investment (MTG)
Target Type | Value |
Downside Target | 16.30 |
Downside Target | 17.42 |
Downside Target | 19.05 |
Upside Target | 19.28 |
Upside Target | 19.36 |
Upside Target | 19.47 |
Upside Target | 19.51 |
Upside Target | 19.54 |
Upside Target | 19.62 |
Upside Target | 19.64 |
Intraday share price targets for Mgic Investment (MTG)
Target Type | Value |
Downside Intraday Target | 19.13 |
Downside Intraday Target | 19.06 |
Upside Intraday Target | 19.32 |
Upside Intraday Target | 19.44 |
Upside Intraday Target | 19.25 |
Weekly technical analysis of Mgic Investment (MTG)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Tue Jan 2024 | 19.21 | 19.36 | 19.36 | 19.17 | 0.849 times |
12 Fri Jan 2024 | 19.37 | 19.40 | 19.47 | 19.25 | 0.217 times |
12 Fri Jan 2024 | 19.37 | 19.37 | 19.54 | 19.07 | 1.058 times |
05 Fri Jan 2024 | 19.29 | 19.15 | 19.62 | 19.05 | 4.471 times |
29 Fri Dec 2023 | 19.29 | 19.48 | 19.51 | 19.28 | 0.284 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mgic Investment (MTG)
Date | Monthly Closing Price | Open | High | Low | Volume |
16 Tue Jan 2024 | 19.21 | 19.15 | 19.62 | 19.05 | 0.424 times |
29 Fri Dec 2023 | 19.29 | 17.56 | 19.64 | 17.42 | 1.139 times |
30 Thu Nov 2023 | 17.59 | 16.91 | 17.97 | 16.46 | 0.826 times |
31 Tue Oct 2023 | 16.84 | 16.70 | 17.72 | 16.30 | 1.119 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mgic Investment (MTG)
Price action analysis of Mgic Investment ( (MTG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mgic Investment ( (MTG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mgic Investment ( (MTG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mgic Investment ( (MTG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
Mgic Investment Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mgic Investment in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mgic Investment is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 19.29 and Mgic Investment (MTG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mgic Investment (MTG) stock. Volume based technical analysis of Mgic Investment (MTG) stock is negative.
Mgic Investment Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Mgic Investment ( (MTG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mgic Investment ( (MTG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mgic Investment ( (MTG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mgic Investment ( (MTG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
Mgic Investment Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mgic Investment in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mgic Investment is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 19.29 and Mgic Investment (MTG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mgic Investment (MTG) stock. Volume based technical analysis of Mgic Investment (MTG) stock is negative.
Mgic Investment Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.