(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 2024-02-12 View latest technical analysis
10 day averaged volume of Mgic Investment is 2380610
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Mon Feb 2024 | 19.34 | 19.10 | 19.52 | 19.07 | 0.896 times |
| 09 Fri Feb 2024 | 19.07 | 19.00 | 19.11 | 18.68 | 1.017 times |
| 08 Thu Feb 2024 | 18.93 | 19.08 | 19.18 | 18.72 | 1.403 times |
| 07 Wed Feb 2024 | 19.06 | 19.49 | 19.53 | 19.04 | 1.03 times |
| 06 Tue Feb 2024 | 19.50 | 19.29 | 19.59 | 19.25 | 0.969 times |
| 05 Mon Feb 2024 | 19.24 | 19.73 | 19.73 | 19.14 | 1.036 times |
| 02 Fri Feb 2024 | 19.81 | 19.92 | 20.00 | 19.77 | 1.048 times |
| 01 Thu Feb 2024 | 19.97 | 19.82 | 20.03 | 19.50 | 1.232 times |
| 31 Wed Jan 2024 | 19.84 | 20.19 | 20.26 | 19.81 | 0.882 times |
| 30 Tue Jan 2024 | 20.22 | 20.08 | 20.25 | 20.04 | 0.686 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 19.59. 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 | 18.68 |
| Upside Target | 19.50 |
| 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 | 19.1 |
| Downside Intraday Target | 18.86 |
| Upside Intraday Target | 19.55 |
| Upside Intraday Target | 19.76 |
| Downside Intraday Target | 19.31 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Mon Feb 2024 | 19.34 | 19.10 | 19.52 | 19.07 | 0.164 times |
| 09 Fri Feb 2024 | 19.07 | 19.73 | 19.73 | 18.68 | 1.2 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 |
Price has moved up 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 |
| 12 Mon Feb 2024 | 19.34 | 19.82 | 20.03 | 18.68 | 0.591 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 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 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 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 Strong 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 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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mgic Investment in short term but BUY signal is weak.
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 19.46 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 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 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 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 Strong 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 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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mgic Investment in short term but BUY signal is weak.
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 19.46 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.