(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 2024-05-07 View latest technical analysis
10 day averaged volume of Mgic Investment is 1998930
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 21.18 | 21.10 | 21.45 | 21.03 | 1.091 times |
| 06 Mon May 2024 | 20.95 | 20.85 | 21.03 | 20.78 | 0.885 times |
| 03 Fri May 2024 | 20.64 | 20.73 | 20.81 | 20.33 | 1.037 times |
| 02 Thu May 2024 | 20.51 | 20.26 | 20.81 | 20.02 | 1.576 times |
| 01 Wed May 2024 | 20.55 | 20.32 | 20.78 | 20.28 | 0.915 times |
| 30 Tue Apr 2024 | 20.28 | 20.48 | 20.62 | 20.26 | 1.121 times |
| 29 Mon Apr 2024 | 20.56 | 20.55 | 20.73 | 20.50 | 0.971 times |
| 26 Fri Apr 2024 | 20.48 | 20.30 | 20.63 | 20.25 | 0.947 times |
| 25 Thu Apr 2024 | 20.36 | 20.21 | 20.38 | 19.98 | 0.969 times |
| 24 Wed Apr 2024 | 20.35 | 20.24 | 20.40 | 20.08 | 0.966 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 21.2, for a target of 20.7 or 20.17
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 18.68 |
| Downside Target | 20.26 |
| Downside Target | 20.63 |
| Downside Target | 20.78 |
| Downside Target | 20.81 |
| Downside Target | 20.94 |
| Upside Target | 21.45 |
| Upside Target | 22.31 |
| Upside Target | 22.43 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 20.82 |
| Downside Intraday Target | 20.47 |
| Upside Intraday Target | 21.49 |
| Upside Intraday Target | 21.81 |
| Downside Intraday Target | 21.14 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 21.18 | 20.85 | 21.45 | 20.78 | 0.352 times |
| 03 Fri May 2024 | 20.64 | 20.55 | 20.81 | 20.02 | 1.218 times |
| 26 Fri Apr 2024 | 20.48 | 19.95 | 20.63 | 19.81 | 0.954 times |
| 19 Fri Apr 2024 | 19.83 | 19.91 | 19.94 | 19.26 | 1.191 times |
| 12 Fri Apr 2024 | 19.74 | 20.73 | 20.94 | 19.64 | 0.727 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 |
| 07 Tue May 2024 | 21.18 | 20.32 | 21.45 | 20.02 | 0.26 times |
| 30 Tue Apr 2024 | 20.28 | 22.31 | 22.31 | 19.26 | 0.83 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 |
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 Weak and stock is gaining 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mgic Investment in short term and BUY 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 20.58 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 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 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 Weak and stock is gaining 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mgic Investment in short term and BUY 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 20.58 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.