(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 2024-07-19 View latest technical analysis
10 day averaged volume of Mgic Investment is 1611556
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Jul 2024 | 23.40 | 23.42 | 23.56 | 23.29 | 0.701 times |
| 18 Thu Jul 2024 | 23.39 | 23.45 | 23.84 | 23.28 | 0.917 times |
| 17 Wed Jul 2024 | 23.53 | 23.29 | 23.70 | 23.29 | 0.987 times |
| 16 Tue Jul 2024 | 23.40 | 22.97 | 23.56 | 22.86 | 1.412 times |
| 15 Mon Jul 2024 | 22.83 | 22.59 | 22.98 | 22.51 | 0.909 times |
| 12 Fri Jul 2024 | 22.41 | 22.43 | 22.68 | 22.29 | 0.995 times |
| 11 Thu Jul 2024 | 22.30 | 21.92 | 22.39 | 21.81 | 0.929 times |
| 10 Wed Jul 2024 | 21.66 | 21.49 | 21.75 | 21.47 | 0.702 times |
| 09 Tue Jul 2024 | 21.40 | 21.26 | 21.68 | 21.20 | 0.757 times |
| 08 Mon Jul 2024 | 21.29 | 21.52 | 21.71 | 21.29 | 1.069 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.8, but if it comes below 22.8, then a intra day sell could be more profitable.
If you take a sell trade below 22.8, then use 22.8 as stoploss and 22.04 as target. However if you take a buy trade in stock , then use 22.8 as stoploss and 23.8 as target.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 19.26 |
| Downside Target | 19.66 |
| Downside Target | 20.96 |
| Downside Target | 21.88 |
| Downside Target | 21.92 |
| Downside Target | 21.93 |
| Downside Target | 22.31 |
| Downside Target | 22.43 |
| Downside Target | 22.51 |
| Downside Target | 22.68 |
| Upside Target | 23.84 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 22.66 |
| Downside Intraday Target | 21.92 |
| Upside Intraday Target | 23.99 |
| Upside Intraday Target | 24.58 |
| Downside Intraday Target | 23.25 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Jul 2024 | 23.40 | 22.59 | 23.84 | 22.51 | 1.107 times |
| 12 Fri Jul 2024 | 22.41 | 21.52 | 22.68 | 21.20 | 2.527 times |
| 05 Fri Jul 2024 | 21.44 | 21.90 | 21.92 | 21.42 | 0.864 times |
| 03 Wed Jul 2024 | 21.65 | 21.73 | 21.93 | 21.42 | 0.356 times |
| 28 Fri Jun 2024 | 21.55 | 21.40 | 21.88 | 20.96 | 1.273 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 |
| 19 Fri Jul 2024 | 23.40 | 21.73 | 23.84 | 21.20 | 0.622 times |
| 28 Fri Jun 2024 | 21.55 | 21.44 | 21.88 | 20.35 | 0.965 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 |
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 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 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 BUY. Signal strength is Strong and stock is losing 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 green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Mgic Investment in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 22.61 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.
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 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 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 BUY. Signal strength is Strong and stock is losing 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 green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Mgic Investment in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 22.61 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.