(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 2024-05-30 View latest technical analysis
10 day averaged volume of Mgic Investment is 1395142
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 20.67 | 20.37 | 20.69 | 20.37 | 0.735 times |
| 29 Wed May 2024 | 20.23 | 20.21 | 20.35 | 20.11 | 0.981 times |
| 28 Tue May 2024 | 20.42 | 20.58 | 20.66 | 20.31 | 0.894 times |
| 24 Fri May 2024 | 20.55 | 20.49 | 20.76 | 20.45 | 0.751 times |
| 23 Thu May 2024 | 20.39 | 20.88 | 20.89 | 20.39 | 1.371 times |
| 22 Wed May 2024 | 20.79 | 20.82 | 20.92 | 20.72 | 0.954 times |
| 21 Tue May 2024 | 20.96 | 20.65 | 21.04 | 20.65 | 1.229 times |
| 20 Mon May 2024 | 20.66 | 21.21 | 21.27 | 20.61 | 1.385 times |
| 17 Fri May 2024 | 21.19 | 21.13 | 21.25 | 21.07 | 0.792 times |
| 16 Thu May 2024 | 21.10 | 21.03 | 21.19 | 20.99 | 0.665 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.5 or till 20.2. Use a stoploss of 20.83 and if the stock hits stoploss, then it can shoot up till 21.13
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 | 20.29 |
| Downside Intraday Target | 19.91 |
| Upside Intraday Target | 20.87 |
| Upside Intraday Target | 21.07 |
| Downside Intraday Target | 20.49 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 20.67 | 20.58 | 20.69 | 20.11 | 0.459 times |
| 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 |
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 |
| 30 Thu May 2024 | 20.67 | 20.32 | 21.45 | 20.02 | 0.788 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
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 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 in or above 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 but selling is losing 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 20.67 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term but the sell signal is initial and weak.
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 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 in or above 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 but selling is losing 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 20.67 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.