(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 2024-05-15 View latest technical analysis
10 day averaged volume of Mgic Investment is 1842090
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Wed May 2024 | 21.06 | 21.01 | 21.09 | 20.84 | 0.741 times |
| 14 Tue May 2024 | 20.94 | 21.16 | 21.26 | 20.77 | 1.055 times |
| 13 Mon May 2024 | 21.08 | 21.34 | 21.39 | 21.05 | 0.681 times |
| 10 Fri May 2024 | 21.25 | 21.28 | 21.32 | 21.17 | 0.591 times |
| 09 Thu May 2024 | 21.18 | 20.93 | 21.21 | 20.91 | 0.703 times |
| 08 Wed May 2024 | 20.88 | 21.03 | 21.12 | 20.85 | 0.998 times |
| 07 Tue May 2024 | 21.18 | 21.10 | 21.45 | 21.03 | 1.183 times |
| 06 Mon May 2024 | 20.95 | 20.85 | 21.03 | 20.78 | 0.96 times |
| 03 Fri May 2024 | 20.64 | 20.73 | 20.81 | 20.33 | 1.125 times |
| 02 Thu May 2024 | 20.51 | 20.26 | 20.81 | 20.02 | 1.711 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 21.1 as stoploss in an intra day sell trade for a target of 20.6. However, stock will show a bullish move above 21.1.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 18.68 |
| Downside Target | 19.66 |
| Downside Target | 20.63 |
| Downside Target | 20.77 |
| Downside Target | 20.78 |
| Downside Target | 20.81 |
| Upside Target | 21.39 |
| 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 | 20.76 |
| Downside Intraday Target | 20.45 |
| Upside Intraday Target | 21.38 |
| Upside Intraday Target | 21.69 |
| Upside Intraday Target | 21.07 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Wed May 2024 | 21.06 | 21.34 | 21.39 | 20.77 | 0.559 times |
| 10 Fri May 2024 | 21.25 | 20.85 | 21.45 | 20.78 | 0.727 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 |
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 |
| 15 Wed May 2024 | 21.06 | 20.32 | 21.45 | 20.02 | 0.467 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mgic Investment ( (MTG) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. 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 tired and bears are picking up momentum.
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 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 20.91 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mgic Investment ( (MTG) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. 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 tired and bears are picking up momentum.
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 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 20.91 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.