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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 2024-10-11 View latest technical analysis

10 day averaged volume of Mgic Investment is 1247350

Date Daily Closing Price Open High Low Volume
11 Fri Oct 2024 25.67 25.58 25.81 25.52 0.713 times
10 Thu Oct 2024 25.43 25.29 25.45 25.12 1.155 times
09 Wed Oct 2024 25.30 25.26 25.56 25.22 0.797 times
08 Tue Oct 2024 25.27 25.31 25.57 25.15 1.095 times
07 Mon Oct 2024 25.12 25.50 25.61 24.99 1.333 times
04 Fri Oct 2024 25.70 25.69 25.79 25.47 1.231 times
03 Thu Oct 2024 25.31 25.34 25.48 25.15 0.835 times
02 Wed Oct 2024 25.44 25.26 25.55 25.17 0.88 times
01 Tue Oct 2024 25.39 25.54 25.61 25.14 1.005 times
30 Mon Sep 2024 25.60 25.26 25.60 25.08 0.968 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 25.6, but if it comes below 25.6, then a intra day sell could be more profitable.
If you take a sell trade below 25.6, then use 25.6 as stoploss and 25.43 as target. However if you take a buy trade in stock , then use 25.6 as stoploss and 25.8 as target.

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 25.79
Upside Target 25.81
Upside Target 25.84
Upside Target 25.89
Upside Target 25.93

Intraday share price targets for Mgic Investment (MTG)

Target Type Value
Downside Intraday Target 25.17
Downside Intraday Target 24.67
Upside Intraday Target 25.99
Upside Intraday Target 26.31
Downside Intraday Target 25.49

Weekly technical analysis of Mgic Investment (MTG)

Date Weekly Closing Price Open High Low Volume
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
20 Fri Sep 2024 25.38 25.38 25.84 25.18 1.677 times
13 Fri Sep 2024 25.25 24.99 25.30 24.06 1.686 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
11 Fri Oct 2024 25.67 25.54 25.81 24.99 0.349 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 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 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 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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 SELL signal in short term but selling 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 25.41 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.

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 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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 SELL signal in short term but selling 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 25.41 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.

Daily charts

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Daily chart
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