(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 2024-03-15 View latest technical analysis
10 day averaged volume of Mgic Investment is 2315190
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 20.99 | 20.89 | 21.18 | 20.77 | 3.581 times |
| 14 Thu Mar 2024 | 21.00 | 21.04 | 21.21 | 20.90 | 1.163 times |
| 13 Wed Mar 2024 | 20.98 | 20.93 | 21.19 | 20.87 | 0.803 times |
| 12 Tue Mar 2024 | 20.93 | 20.82 | 21.09 | 20.76 | 1.083 times |
| 11 Mon Mar 2024 | 20.88 | 19.82 | 20.94 | 19.80 | 1.806 times |
| 08 Fri Mar 2024 | 19.75 | 19.77 | 20.03 | 19.73 | 0.728 times |
| 07 Thu Mar 2024 | 19.74 | 20.03 | 20.29 | 19.70 | 0.825 times |
| 06 Wed Mar 2024 | 19.95 | 19.89 | 20.11 | 19.81 | 1.446 times |
| 05 Tue Mar 2024 | 19.79 | 19.72 | 20.00 | 19.66 | 0.864 times |
| 04 Mon Mar 2024 | 19.76 | 19.90 | 20.21 | 19.70 | 0.774 times |
Stock of Mgic Investment (MTG) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 20.6, but if it comes below 20.6, then a intra day sell could be more profitable.
If you take a sell trade below 20.6, then use 20.6 as stoploss and 19.91 as target. However if you take a buy trade in stock , then use 20.6 as stoploss and 21.4 as target.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 16.46 |
| Downside Target | 17.42 |
| Downside Target | 17.97 |
| Downside Target | 18.68 |
| Downside Target | 19.66 |
| Downside Target | 19.80 |
| Downside Target | 20.08 |
| Downside Target | 20.26 |
| Downside Target | 20.29 |
| Upside Target | 21.21 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 20.12 |
| Downside Intraday Target | 19.26 |
| Upside Intraday Target | 21.53 |
| Upside Intraday Target | 22.08 |
| Downside Intraday Target | 20.67 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 20.99 | 19.82 | 21.21 | 19.80 | 1.819 times |
| 08 Fri Mar 2024 | 19.75 | 19.90 | 20.29 | 19.66 | 1.296 times |
| 01 Fri Mar 2024 | 19.82 | 19.24 | 20.08 | 19.15 | 1.191 times |
| 23 Fri Feb 2024 | 19.29 | 19.14 | 19.40 | 18.98 | 0.669 times |
| 16 Fri Feb 2024 | 19.32 | 19.10 | 19.65 | 18.92 | 0.802 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mgic Investment (MTG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 20.99 | 19.85 | 21.21 | 19.66 | 0.733 times |
| 29 Thu Feb 2024 | 19.89 | 19.82 | 20.08 | 18.68 | 1.233 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 |
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 BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Mgic Investment in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 BUY signal in short term and the buying is gaining 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 20.55 and Mgic Investment (MTG) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Mgic Investment in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 BUY signal in short term and the buying is gaining 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 20.55 and Mgic Investment (MTG) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.