(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 2024-02-13 View latest technical analysis
10 day averaged volume of Mgic Investment is 2427850
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Tue Feb 2024 | 19.15 | 19.02 | 19.25 | 18.92 | 1.146 times |
| 12 Mon Feb 2024 | 19.34 | 19.10 | 19.52 | 19.07 | 0.879 times |
| 09 Fri Feb 2024 | 19.07 | 19.00 | 19.11 | 18.68 | 0.997 times |
| 08 Thu Feb 2024 | 18.93 | 19.08 | 19.18 | 18.72 | 1.375 times |
| 07 Wed Feb 2024 | 19.06 | 19.49 | 19.53 | 19.04 | 1.01 times |
| 06 Tue Feb 2024 | 19.50 | 19.29 | 19.59 | 19.25 | 0.95 times |
| 05 Mon Feb 2024 | 19.24 | 19.73 | 19.73 | 19.14 | 1.016 times |
| 02 Fri Feb 2024 | 19.81 | 19.92 | 20.00 | 19.77 | 1.028 times |
| 01 Thu Feb 2024 | 19.97 | 19.82 | 20.03 | 19.50 | 1.209 times |
| 31 Wed Jan 2024 | 19.84 | 20.19 | 20.26 | 19.81 | 0.865 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.2, but if it comes above 19.2, then a intra day buy could be more profitable.
If you take a sell trade below 19.2, then use 19.2 as stoploss and 18.7 as target. However if you take a buy trade in stock , then use 19.2 as stoploss and 19.59 as target.
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 | 18.87 |
| Downside Intraday Target | 18.6 |
| Upside Intraday Target | 19.47 |
| Upside Intraday Target | 19.8 |
| Upside Intraday Target | 19.2 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Tue Feb 2024 | 19.15 | 19.10 | 19.52 | 18.92 | 0.379 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 |
| 13 Tue Feb 2024 | 19.15 | 19.82 | 20.03 | 18.68 | 0.67 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 gaining 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 red color and prices are below the red 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 positive zone. This is a BUY zone
Stock of Mgic Investment is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 19.38 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 gaining 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 red color and prices are below the red 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 positive zone. This is a BUY zone
Stock of Mgic Investment is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 19.38 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.