(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 2024-08-22 View latest technical analysis
10 day averaged volume of Mgic Investment is 1503660
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 24.18 | 24.18 | 24.31 | 24.01 | 0.949 times |
| 21 Wed Aug 2024 | 24.21 | 24.01 | 24.21 | 23.86 | 0.933 times |
| 20 Tue Aug 2024 | 23.97 | 24.17 | 24.19 | 23.90 | 0.593 times |
| 19 Mon Aug 2024 | 24.20 | 24.01 | 24.21 | 24.01 | 0.678 times |
| 16 Fri Aug 2024 | 23.99 | 23.90 | 24.25 | 23.87 | 1.064 times |
| 15 Thu Aug 2024 | 23.88 | 23.62 | 23.89 | 23.44 | 1.025 times |
| 14 Wed Aug 2024 | 23.29 | 23.31 | 23.42 | 23.01 | 0.925 times |
| 13 Tue Aug 2024 | 23.27 | 23.22 | 23.38 | 23.11 | 1.197 times |
| 12 Mon Aug 2024 | 23.09 | 23.74 | 23.78 | 22.92 | 1.691 times |
| 09 Fri Aug 2024 | 23.79 | 23.64 | 23.88 | 23.59 | 0.986 times |
My analysis of stock is bullish for shortterm, and stock might move up till 24.5 or till 25.2. Use a stoploss of 23.98 and if this stock hits its stoploss, then it can fall down till 23.45
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 19.26 |
| Downside Target | 20.02 |
| Downside Target | 21.20 |
| Downside Target | 21.88 |
| Downside Target | 22.88 |
| Downside Target | 23.94 |
| Upside Target | 24.25 |
| Upside Target | 24.31 |
| Upside Target | 24.90 |
| Upside Target | 25.35 |
| Upside Target | 25.93 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 23.92 |
| Downside Intraday Target | 23.67 |
| Upside Intraday Target | 24.37 |
| Upside Intraday Target | 24.57 |
| Downside Intraday Target | 24.12 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 24.18 | 24.01 | 24.31 | 23.86 | 0.534 times |
| 16 Fri Aug 2024 | 23.99 | 23.74 | 24.25 | 22.92 | 1.105 times |
| 09 Fri Aug 2024 | 23.79 | 23.37 | 23.94 | 22.88 | 0.846 times |
| 02 Fri Aug 2024 | 24.14 | 24.93 | 25.93 | 23.66 | 0.917 times |
| 26 Fri Jul 2024 | 24.88 | 23.43 | 24.90 | 23.32 | 1.303 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 |
| 22 Thu Aug 2024 | 24.18 | 25.60 | 25.93 | 22.88 | 0.739 times |
| 31 Wed Jul 2024 | 24.84 | 21.73 | 25.35 | 21.20 | 1.057 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 |
Scroll below to view daily charts
Price has moved down 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak 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 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 in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Mgic Investment in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 23.71 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak 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 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 in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Mgic Investment in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 23.71 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.