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(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 2024-07-23 View latest technical analysis

10 day averaged volume of Mgic Investment is 1479886

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	23.65	23.52	23.90	23.52	1.034 times
22 Mon Jul 2024	23.59	23.43	23.66	23.32	0.952 times
19 Fri Jul 2024	23.40	23.42	23.56	23.29	0.763 times
18 Thu Jul 2024	23.39	23.45	23.84	23.28	0.999 times
17 Wed Jul 2024	23.53	23.29	23.70	23.29	1.075 times
16 Tue Jul 2024	23.40	22.97	23.56	22.86	1.538 times
15 Mon Jul 2024	22.83	22.59	22.98	22.51	0.99 times
12 Fri Jul 2024	22.41	22.43	22.68	22.29	1.083 times
11 Thu Jul 2024	22.30	21.92	22.39	21.81	1.011 times
10 Wed Jul 2024	21.66	21.49	21.75	21.47	0.765 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 23.2, but if it comes below 23.2, then a intra day sell could be more profitable.
If you take a sell trade below 23.2, then use 23.2 as stoploss and 22.25 as target. However if you take a buy trade in stock , then use 23.2 as stoploss and 24.2 as target.

Share price targets for Mgic Investment (MTG)

Target Type	Value
Downside Target	19.26
Downside Target	19.66
Downside Target	21.20
Downside Target	21.88
Downside Target	22.31
Downside Target	22.43
Downside Target	22.51
Downside Target	22.68
Downside Target	23.32
Upside Target	23.84
Upside Target	23.90

Intraday share price targets for Mgic Investment (MTG)

Target Type	Value
Downside Intraday Target	23.35
Downside Intraday Target	23.04
Upside Intraday Target	23.93
Upside Intraday Target	24.2
Downside Intraday Target	23.62

Weekly technical analysis of Mgic Investment (MTG)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	23.65	23.43	23.90	23.32	0.37 times
19 Fri Jul 2024	23.40	22.59	23.84	22.51	1.107 times
12 Fri Jul 2024	22.41	21.52	22.68	21.20	2.527 times
05 Fri Jul 2024	21.44	21.90	21.92	21.42	0.864 times
03 Wed Jul 2024	21.65	21.73	21.93	21.42	0.356 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
23 Tue Jul 2024	23.65	21.73	23.90	21.20	0.708 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
30 Tue Apr 2024	20.28	22.31	22.31	19.26	0.83 times

Scroll below to view daily charts

Price has moved up 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 neutral. A longer time frame might give a better analysis.

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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mgic Investment in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mgic Investment in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 23.06 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.