(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 2024-04-19 View latest technical analysis
10 day averaged volume of Mgic Investment is 1784660
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Apr 2024 | 19.83 | 19.57 | 19.84 | 19.57 | 0.931 times |
| 18 Thu Apr 2024 | 19.58 | 19.47 | 19.69 | 19.32 | 0.751 times |
| 17 Wed Apr 2024 | 19.38 | 19.57 | 19.75 | 19.36 | 1.126 times |
| 16 Tue Apr 2024 | 19.50 | 19.49 | 19.63 | 19.26 | 1.58 times |
| 15 Mon Apr 2024 | 19.58 | 19.91 | 19.94 | 19.52 | 1.032 times |
| 12 Fri Apr 2024 | 19.74 | 19.76 | 19.91 | 19.64 | 0.708 times |
| 11 Thu Apr 2024 | 19.90 | 19.92 | 20.00 | 19.77 | 0.915 times |
| 10 Wed Apr 2024 | 19.82 | 20.32 | 20.42 | 19.65 | 1.394 times |
| 09 Tue Apr 2024 | 20.61 | 20.83 | 20.94 | 20.57 | 0.778 times |
| 08 Mon Apr 2024 | 20.80 | 20.73 | 20.93 | 20.72 | 0.756 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 19.7 as stoploss in an intra day buy trade for a target of 20.76. However, stock will show a bearish move below 19.7.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 17.42 |
| Downside Target | 18.68 |
| Upside Target | 20.49 |
| Upside Target | 20.59 |
| Upside Target | 20.94 |
| 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 | 19.41 |
| Downside Intraday Target | 19 |
| Upside Intraday Target | 20.09 |
| Upside Intraday Target | 20.36 |
| Downside Intraday Target | 19.68 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Apr 2024 | 19.83 | 19.91 | 19.94 | 19.26 | 1.191 times |
| 12 Fri Apr 2024 | 19.74 | 20.73 | 20.94 | 19.64 | 0.727 times |
| 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 |
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 Apr 2024 | 19.83 | 22.31 | 22.31 | 19.26 | 0.568 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 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mgic Investment in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 19.82 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 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 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mgic Investment in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 19.82 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 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.