(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 2024-05-24 View latest technical analysis
10 day averaged volume of Mgic Investment is 1457552
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 20.55 | 20.49 | 20.76 | 20.45 | 0.719 times |
| 23 Thu May 2024 | 20.39 | 20.88 | 20.89 | 20.39 | 1.312 times |
| 22 Wed May 2024 | 20.79 | 20.82 | 20.92 | 20.72 | 0.913 times |
| 21 Tue May 2024 | 20.96 | 20.65 | 21.04 | 20.65 | 1.177 times |
| 20 Mon May 2024 | 20.66 | 21.21 | 21.27 | 20.61 | 1.326 times |
| 17 Fri May 2024 | 21.19 | 21.13 | 21.25 | 21.07 | 0.758 times |
| 16 Thu May 2024 | 21.10 | 21.03 | 21.19 | 20.99 | 0.636 times |
| 15 Wed May 2024 | 21.06 | 21.01 | 21.09 | 20.84 | 0.936 times |
| 14 Tue May 2024 | 20.94 | 21.16 | 21.26 | 20.77 | 1.334 times |
| 13 Mon May 2024 | 21.08 | 21.34 | 21.39 | 21.05 | 0.861 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.6, but if it comes above 20.6, then a intra day buy could be more profitable.
If you take a sell trade below 20.6, then use 20.6 as stoploss and 20.2 as target. However if you take a buy trade in stock , then use 20.6 as stoploss and 20.84 as target.
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 | 20.2 |
| Downside Intraday Target | 19.86 |
| Upside Intraday Target | 21.08 |
| Upside Intraday Target | 21.62 |
| Upside Intraday Target | 20.74 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 20.55 | 21.21 | 21.27 | 20.39 | 1.203 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 |
| 24 Fri May 2024 | 20.55 | 20.32 | 21.45 | 20.02 | 0.702 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 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 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 mid to longer 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
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
Mgic Investment Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mgic Investment is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 20.84 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 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 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 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 mid to longer 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
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
Mgic Investment Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mgic Investment is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 20.84 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.