(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 2024-04-05 View latest technical analysis
10 day averaged volume of Mgic Investment is 2077180
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Fri Apr 2024 | 20.68 | 20.60 | 20.90 | 20.54 | 0.826 times |
| 04 Thu Apr 2024 | 20.55 | 21.48 | 21.54 | 20.49 | 1.614 times |
| 03 Wed Apr 2024 | 21.68 | 21.84 | 22.02 | 21.66 | 1.184 times |
| 02 Tue Apr 2024 | 21.85 | 21.75 | 22.06 | 21.66 | 0.953 times |
| 01 Mon Apr 2024 | 21.89 | 22.31 | 22.31 | 21.88 | 0.804 times |
| 28 Thu Mar 2024 | 22.36 | 22.14 | 22.43 | 22.14 | 0.871 times |
| 27 Wed Mar 2024 | 22.13 | 21.91 | 22.18 | 21.85 | 0.985 times |
| 26 Tue Mar 2024 | 21.74 | 21.90 | 21.94 | 21.73 | 0.673 times |
| 25 Mon Mar 2024 | 21.84 | 21.79 | 22.04 | 21.71 | 0.706 times |
| 22 Fri Mar 2024 | 21.79 | 21.91 | 21.96 | 21.73 | 0.973 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.7, but if it comes above 20.7, then a intra day buy could be more profitable.
If you take a sell trade below 20.7, then use 20.7 as stoploss and 19.9 as target. However if you take a buy trade in stock , then use 20.7 as stoploss and 21.32 as target.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 17.42 |
| Downside Target | 18.68 |
| Downside Target | 19.64 |
| Downside Target | 20.59 |
| Upside Target | 21.21 |
| Upside Target | 21.71 |
| Upside Target | 22.02 |
| Upside Target | 22.31 |
| Upside Target | 22.43 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 20.01 |
| Downside Intraday Target | 19.34 |
| Upside Intraday Target | 21.83 |
| Upside Intraday Target | 22.98 |
| Upside Intraday Target | 21.16 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Fri Apr 2024 | 20.68 | 22.31 | 22.31 | 20.49 | 1.663 times |
| 28 Thu Mar 2024 | 22.36 | 21.79 | 22.43 | 21.71 | 0.522 times |
| 22 Fri Mar 2024 | 21.79 | 20.99 | 22.02 | 20.59 | 0.659 times |
| 15 Fri Mar 2024 | 20.99 | 19.82 | 21.21 | 19.80 | 1.819 times |
| 08 Fri Mar 2024 | 19.75 | 19.90 | 20.29 | 19.66 | 1.296 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mgic Investment (MTG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 05 Fri Apr 2024 | 20.68 | 22.31 | 22.31 | 20.49 | 0.219 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 |
| 31 Wed Jan 2024 | 19.84 | 19.15 | 20.26 | 18.98 | 0.902 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 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 short to mid term time period is neutral. A longer time frame might give a better analysis.
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 Strong and stock is losing 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 BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 21.57 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 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 short to mid term time period is neutral. A longer time frame might give a better analysis.
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 Strong and stock is losing 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 BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 21.57 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.