(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 2024-01-31 View latest technical analysis
10 day averaged volume of Mgic Investment is 1633180
Date | Daily Closing Price | Open | High | Low | Volume |
31 Wed Jan 2024 | 19.84 | 20.19 | 20.26 | 19.81 | 1.286 times |
30 Tue Jan 2024 | 20.22 | 20.08 | 20.25 | 20.04 | 1 times |
29 Mon Jan 2024 | 20.11 | 19.95 | 20.15 | 19.95 | 1.017 times |
26 Fri Jan 2024 | 20.06 | 19.91 | 20.08 | 19.86 | 0.919 times |
25 Thu Jan 2024 | 19.86 | 19.98 | 20.02 | 19.73 | 0.91 times |
24 Wed Jan 2024 | 19.81 | 19.97 | 20.01 | 19.77 | 1.181 times |
23 Tue Jan 2024 | 19.80 | 19.92 | 19.99 | 19.77 | 1.09 times |
22 Mon Jan 2024 | 19.89 | 19.81 | 20.00 | 19.79 | 1.153 times |
19 Fri Jan 2024 | 19.67 | 19.37 | 19.67 | 19.26 | 0.773 times |
18 Thu Jan 2024 | 19.27 | 19.29 | 19.30 | 19.05 | 0.714 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 19.9 as stoploss in an intra day sell trade for a target of 19.57. However, stock will show a bullish move above 19.9.
Share price targets for Mgic Investment (MTG)
Target Type | Value |
Downside Target | 16.30 |
Downside Target | 17.42 |
Downside Target | 18.98 |
Downside Target | 19.54 |
Downside Target | 19.64 |
Downside Target | 19.67 |
Downside Target | 19.73 |
Downside Target | 19.81 |
Upside Target | 20.08 |
Upside Target | 20.26 |
Intraday share price targets for Mgic Investment (MTG)
Target Type | Value |
Downside Intraday Target | 19.68 |
Downside Intraday Target | 19.52 |
Upside Intraday Target | 20.13 |
Upside Intraday Target | 20.42 |
Upside Intraday Target | 19.97 |
Weekly technical analysis of Mgic Investment (MTG)
Date | Weekly Closing Price | Open | High | Low | Volume |
31 Wed Jan 2024 | 19.84 | 19.95 | 20.26 | 19.81 | 0.629 times |
26 Fri Jan 2024 | 20.06 | 19.81 | 20.08 | 19.73 | 1.494 times |
19 Fri Jan 2024 | 19.67 | 19.36 | 19.67 | 18.98 | 3.8 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 |
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 |
31 Wed Jan 2024 | 19.84 | 19.15 | 20.26 | 18.98 | 0.902 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 up 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 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 to mid 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 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 BUY signal for Mgic Investment in short term and the buy signal is strong.
Mgic Investment Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mgic Investment in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 19.87 and Mgic Investment (MTG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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 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 to mid 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 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 BUY signal for Mgic Investment in short term and the buy signal is strong.
Mgic Investment Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mgic Investment in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 19.87 and Mgic Investment (MTG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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.