(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 2024-04-18 View latest technical analysis
10 day averaged volume of Mgic Investment is 1985890
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 19.58 | 19.47 | 19.69 | 19.32 | 0.675 times |
17 Wed Apr 2024 | 19.38 | 19.57 | 19.75 | 19.36 | 1.012 times |
16 Tue Apr 2024 | 19.50 | 19.49 | 19.63 | 19.26 | 1.42 times |
15 Mon Apr 2024 | 19.58 | 19.91 | 19.94 | 19.52 | 0.927 times |
12 Fri Apr 2024 | 19.74 | 19.76 | 19.91 | 19.64 | 0.636 times |
11 Thu Apr 2024 | 19.90 | 19.92 | 20.00 | 19.77 | 0.823 times |
10 Wed Apr 2024 | 19.82 | 20.32 | 20.42 | 19.65 | 1.252 times |
09 Tue Apr 2024 | 20.61 | 20.83 | 20.94 | 20.57 | 0.699 times |
08 Mon Apr 2024 | 20.80 | 20.73 | 20.93 | 20.72 | 0.68 times |
05 Fri Apr 2024 | 20.68 | 20.60 | 20.90 | 20.54 | 0.864 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.8, but if it comes above 19.8, then a intra day buy could be more profitable.
If you take a sell trade below 19.8, then use 19.8 as stoploss and 18.6 as target. However if you take a buy trade in stock , then use 19.8 as stoploss and 20.87 as target.
Share price targets for Mgic Investment (MTG)
Target Type | Value |
Downside Target | 17.42 |
Downside Target | 18.68 |
Upside Target | 20.49 |
Upside Target | 20.59 |
Upside Target | 20.94 |
Upside Target | 21.71 |
Upside Target | 22.02 |
Upside Target | 22.31 |
Upside Target | 22.43 |
Intraday share price targets for Mgic Investment (MTG)
Target Type | Value |
Downside Intraday Target | 19.25 |
Downside Intraday Target | 18.91 |
Upside Intraday Target | 19.93 |
Upside Intraday Target | 20.27 |
Upside Intraday Target | 19.59 |
Weekly technical analysis of Mgic Investment (MTG)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 19.58 | 19.91 | 19.94 | 19.26 | 0.986 times |
12 Fri Apr 2024 | 19.74 | 20.73 | 20.94 | 19.64 | 0.727 times |
05 Fri Apr 2024 | 20.68 | 22.31 | 22.31 | 20.49 | 1.663 times |
28 Thu Mar 2024 | 22.36 | 21.79 | 22.43 | 21.71 | 0.522 times |
22 Fri Mar 2024 | 21.79 | 20.99 | 22.02 | 20.59 | 0.659 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 |
18 Thu Apr 2024 | 19.58 | 22.31 | 22.31 | 19.26 | 0.535 times |
28 Thu Mar 2024 | 22.36 | 19.85 | 22.43 | 19.66 | 1.19 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 |
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 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are below the red 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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 19.9 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are below the red 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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 19.9 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.