(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 2024-05-20 View latest technical analysis
10 day averaged volume of Mgic Investment is 1476520
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 20.66 | 21.21 | 21.27 | 20.61 | 1.309 times |
| 17 Fri May 2024 | 21.19 | 21.13 | 21.25 | 21.07 | 0.748 times |
| 16 Thu May 2024 | 21.10 | 21.03 | 21.19 | 20.99 | 0.628 times |
| 15 Wed May 2024 | 21.06 | 21.01 | 21.09 | 20.84 | 0.924 times |
| 14 Tue May 2024 | 20.94 | 21.16 | 21.26 | 20.77 | 1.317 times |
| 13 Mon May 2024 | 21.08 | 21.34 | 21.39 | 21.05 | 0.85 times |
| 10 Fri May 2024 | 21.25 | 21.28 | 21.32 | 21.17 | 0.737 times |
| 09 Thu May 2024 | 21.18 | 20.93 | 21.21 | 20.91 | 0.876 times |
| 08 Wed May 2024 | 20.88 | 21.03 | 21.12 | 20.85 | 1.244 times |
| 07 Tue May 2024 | 21.18 | 21.10 | 21.45 | 21.03 | 1.476 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.4 or till 20.1. Use a stoploss of 20.78 and if the stock hits stoploss, then it can shoot up till 21.11
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 18.68 |
| Downside Target | 19.66 |
| Upside Target | 20.77 |
| Upside Target | 20.78 |
| Upside Target | 20.81 |
| Upside Target | 21.27 |
| 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 | 20.42 |
| Downside Intraday Target | 20.19 |
| Upside Intraday Target | 21.08 |
| Upside Intraday Target | 21.51 |
| Upside Intraday Target | 20.85 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 20.66 | 21.21 | 21.27 | 20.61 | 0.293 times |
| 17 Fri May 2024 | 21.19 | 21.34 | 21.39 | 20.77 | 0.808 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 |
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 |
| 20 Mon May 2024 | 20.66 | 20.32 | 21.45 | 20.02 | 0.56 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 getting stronger in this stock.
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 and selling is picking up 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 21.03 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 getting stronger in this stock.
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 and selling is picking up 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 21.03 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.