(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 2024-02-08 View latest technical analysis
10 day averaged volume of Mgic Investment is 2103310
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Feb 2024 | 18.93 | 19.08 | 19.18 | 18.72 | 1.588 times |
| 07 Wed Feb 2024 | 19.06 | 19.49 | 19.53 | 19.04 | 1.166 times |
| 06 Tue Feb 2024 | 19.50 | 19.29 | 19.59 | 19.25 | 1.097 times |
| 05 Mon Feb 2024 | 19.24 | 19.73 | 19.73 | 19.14 | 1.173 times |
| 02 Fri Feb 2024 | 19.81 | 19.92 | 20.00 | 19.77 | 1.186 times |
| 01 Thu Feb 2024 | 19.97 | 19.82 | 20.03 | 19.50 | 1.395 times |
| 31 Wed Jan 2024 | 19.84 | 20.19 | 20.26 | 19.81 | 0.998 times |
| 30 Tue Jan 2024 | 20.22 | 20.08 | 20.25 | 20.04 | 0.776 times |
| 29 Mon Jan 2024 | 20.11 | 19.95 | 20.15 | 19.95 | 0.79 times |
| 26 Fri Jan 2024 | 20.06 | 19.91 | 20.08 | 19.86 | 0.714 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 18.8, for a target of 19.2 or 19.61
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 16.30 |
| Downside Target | 17.42 |
| Downside Target | 18.72 |
| Upside Target | 19.64 |
| Upside Target | 19.67 |
| Upside Target | 19.73 |
| Upside Target | 20.03 |
| Upside Target | 20.08 |
| Upside Target | 20.26 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 18.52 |
| Downside Intraday Target | 18.12 |
| Upside Intraday Target | 19.53 |
| Upside Intraday Target | 20.14 |
| Upside Intraday Target | 19.13 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Feb 2024 | 18.93 | 19.73 | 19.73 | 18.72 | 0.976 times |
| 02 Fri Feb 2024 | 19.81 | 19.95 | 20.26 | 19.50 | 1.261 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 |
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 |
| 08 Thu Feb 2024 | 18.93 | 19.82 | 20.03 | 18.72 | 0.46 times |
| 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 |
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 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 short 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 short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
Mgic Investment Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling is losing 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 19.6 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 negative.
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 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 short 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 short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
Mgic Investment Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling is losing 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 19.6 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.