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(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 2024-06-20 View latest technical analysis

10 day averaged volume of Mgic Investment is 1340070

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	21.31	21.01	21.31	20.95	1.133 times
18 Tue Jun 2024	21.02	20.80	21.04	20.77	0.833 times
18 Tue Jun 2024	21.02	20.80	21.04	20.77	0.833 times
17 Mon Jun 2024	20.86	20.38	20.87	20.35	0.802 times
14 Fri Jun 2024	20.45	20.65	20.82	20.40	0.986 times
13 Thu Jun 2024	20.96	20.92	21.02	20.62	1.105 times
12 Wed Jun 2024	21.00	20.86	21.20	20.84	1.147 times
11 Tue Jun 2024	20.47	20.58	20.70	20.42	0.965 times
10 Mon Jun 2024	20.80	20.70	20.85	20.48	1.194 times
07 Fri Jun 2024	20.94	20.97	21.10	20.81	0.714 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.2, but if it comes below 21.2, then a intra day sell could be more profitable.
If you take a sell trade below 21.2, then use 21.2 as stoploss and 20.85 as target. However if you take a buy trade in stock , then use 21.2 as stoploss and 21.6 as target.

Share price targets for Mgic Investment (MTG)

Target Type	Value
Downside Target	18.68
Downside Target	19.26
Downside Target	19.66
Downside Target	21.04
Downside Target	21.20
Downside Target	21.31
Upside Target	21.45
Upside Target	21.57
Upside Target	22.31
Upside Target	22.43

Intraday share price targets for Mgic Investment (MTG)

Target Type	Value
Downside Intraday Target	20.95
Downside Intraday Target	20.59
Upside Intraday Target	21.49
Upside Intraday Target	21.67
Downside Intraday Target	21.13

Weekly technical analysis of Mgic Investment (MTG)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	21.31	20.80	21.31	20.77	1.202 times
18 Tue Jun 2024	21.02	20.38	21.04	20.35	0.303 times
14 Fri Jun 2024	20.45	20.70	21.20	20.40	0.881 times
07 Fri Jun 2024	20.94	21.44	21.57	20.81	1.465 times
31 Fri May 2024	21.00	20.58	21.00	20.11	0.706 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
20 Thu Jun 2024	21.31	21.44	21.57	20.35	0.573 times
31 Fri May 2024	21.00	20.32	21.45	20.02	0.834 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 20.89 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.