(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 2024-10-23 View latest technical analysis
10 day averaged volume of Mgic Investment is 1122540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Wed Oct 2024 | 25.40 | 25.26 | 25.46 | 25.06 | 1.084 times |
| 22 Tue Oct 2024 | 25.38 | 25.30 | 25.50 | 25.22 | 0.923 times |
| 21 Mon Oct 2024 | 25.37 | 25.96 | 26.02 | 25.35 | 1.183 times |
| 18 Fri Oct 2024 | 25.99 | 26.38 | 26.48 | 25.84 | 1.388 times |
| 17 Thu Oct 2024 | 26.39 | 26.37 | 26.53 | 26.04 | 1.286 times |
| 16 Wed Oct 2024 | 26.16 | 26.11 | 26.32 | 26.05 | 0.751 times |
| 15 Tue Oct 2024 | 25.91 | 25.89 | 26.27 | 25.81 | 0.848 times |
| 14 Mon Oct 2024 | 25.80 | 25.72 | 25.83 | 25.58 | 0.66 times |
| 11 Fri Oct 2024 | 25.67 | 25.58 | 25.81 | 25.52 | 0.792 times |
| 10 Thu Oct 2024 | 25.43 | 25.29 | 25.45 | 25.12 | 1.283 times |
My analysis of stock is bearish for shortterm, and stock might move down till 25.2 or till 24.9. Use a stoploss of 25.57 and if the stock hits stoploss, then it can shoot up till 25.89
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 20.35 |
| Downside Target | 21.20 |
| Downside Target | 21.88 |
| Downside Target | 22.88 |
| Downside Target | 24.06 |
| Downside Target | 24.99 |
| Upside Target | 25.81 |
| Upside Target | 25.89 |
| Upside Target | 25.93 |
| Upside Target | 26.02 |
| Upside Target | 26.53 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 24.97 |
| Downside Intraday Target | 24.53 |
| Upside Intraday Target | 25.93 |
| Upside Intraday Target | 26.45 |
| Upside Intraday Target | 25.49 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Wed Oct 2024 | 25.40 | 25.96 | 26.02 | 25.06 | 0.647 times |
| 18 Fri Oct 2024 | 25.99 | 25.72 | 26.53 | 25.58 | 0.872 times |
| 11 Fri Oct 2024 | 25.67 | 25.50 | 25.81 | 24.99 | 1.035 times |
| 04 Fri Oct 2024 | 25.70 | 25.26 | 25.79 | 25.08 | 0.992 times |
| 27 Fri Sep 2024 | 25.37 | 25.53 | 25.89 | 25.05 | 0.484 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 |
| 23 Wed Oct 2024 | 25.40 | 25.54 | 26.53 | 24.99 | 0.631 times |
| 30 Mon Sep 2024 | 25.60 | 25.33 | 25.89 | 24.06 | 0.936 times |
| 30 Fri Aug 2024 | 25.43 | 25.60 | 25.93 | 22.88 | 0.958 times |
| 31 Wed Jul 2024 | 24.84 | 21.73 | 25.35 | 21.20 | 1.057 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 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 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 SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Mgic Investment in short term and SELL signal is strong!
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 25.75 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 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 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 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 SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Mgic Investment in short term and SELL signal is strong!
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 25.75 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 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.