(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 2024-06-10 View latest technical analysis
10 day averaged volume of Mgic Investment is 1486680
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Mon Jun 2024 | 20.80 | 20.70 | 20.85 | 20.48 | 1.076 times |
| 07 Fri Jun 2024 | 20.94 | 20.97 | 21.10 | 20.81 | 0.644 times |
| 06 Thu Jun 2024 | 21.07 | 21.30 | 21.45 | 20.88 | 1.28 times |
| 05 Wed Jun 2024 | 21.33 | 21.19 | 21.38 | 21.10 | 1.353 times |
| 04 Tue Jun 2024 | 21.15 | 21.27 | 21.46 | 21.14 | 1.375 times |
| 03 Mon Jun 2024 | 21.36 | 21.44 | 21.57 | 21.14 | 0.873 times |
| 31 Fri May 2024 | 21.00 | 20.70 | 21.00 | 20.66 | 1.322 times |
| 30 Thu May 2024 | 20.67 | 20.37 | 20.69 | 20.37 | 0.689 times |
| 29 Wed May 2024 | 20.23 | 20.21 | 20.35 | 20.11 | 0.921 times |
| 28 Tue May 2024 | 20.42 | 20.58 | 20.66 | 20.31 | 0.839 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.6 or till 20.2. Use a stoploss of 20.88 and if the stock hits stoploss, then it can shoot up till 21.19
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 18.68 |
| Downside Target | 19.26 |
| Downside Target | 19.66 |
| Upside Target | 21.00 |
| Upside Target | 21.27 |
| Upside Target | 21.39 |
| Upside Target | 21.45 |
| Upside Target | 21.57 |
| Upside Target | 22.31 |
| Upside Target | 22.43 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 20.57 |
| Downside Intraday Target | 20.34 |
| Upside Intraday Target | 20.94 |
| Upside Intraday Target | 21.08 |
| Downside Intraday Target | 20.71 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Mon Jun 2024 | 20.80 | 20.70 | 20.85 | 20.48 | 0.195 times |
| 07 Fri Jun 2024 | 20.94 | 21.44 | 21.57 | 20.81 | 1.465 times |
| 31 Fri May 2024 | 21.00 | 20.58 | 21.00 | 20.11 | 0.706 times |
| 24 Fri May 2024 | 20.55 | 21.21 | 21.27 | 20.39 | 1.203 times |
| 17 Fri May 2024 | 21.19 | 21.34 | 21.39 | 20.77 | 0.808 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 |
| 10 Mon Jun 2024 | 20.80 | 21.44 | 21.57 | 20.48 | 0.277 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 |
| 28 Thu Mar 2024 | 22.36 | 19.85 | 22.43 | 19.66 | 1.19 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Mgic Investment in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining 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 20.94 and Mgic Investment (MTG) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Mgic Investment in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining 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 20.94 and Mgic Investment (MTG) stock is trading below this level. This means that stock is falling with high volumes. 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.