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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 2024-10-29 View latest technical analysis

10 day averaged volume of Mgic Investment is 1272710

Date Daily Closing Price Open High Low Volume
29 Tue Oct 2024 25.21 24.94 25.27 24.82 1.393 times
28 Mon Oct 2024 25.16 25.11 25.40 25.09 1.524 times
25 Fri Oct 2024 24.89 25.64 25.67 24.81 0.992 times
24 Thu Oct 2024 25.55 25.42 25.61 25.28 0.9 times
23 Wed Oct 2024 25.40 25.26 25.46 25.06 0.956 times
22 Tue Oct 2024 25.38 25.30 25.50 25.22 0.814 times
21 Mon Oct 2024 25.37 25.96 26.02 25.35 1.044 times
18 Fri Oct 2024 25.99 26.38 26.48 25.84 1.224 times
17 Thu Oct 2024 26.39 26.37 26.53 26.04 1.135 times
16 Wed Oct 2024 26.16 26.11 26.32 26.05 0.662 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 25.2 as stoploss in an intra day buy trade for a target of 25.52. However, stock will show a bearish move below 25.2.

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 24.81
Upside Target 25.79
Upside Target 25.81
Upside Target 25.89
Upside Target 25.93
Upside Target 26.02
Upside Target 26.53

Intraday share price targets for Mgic Investment (MTG)

Target Type Value
Downside Intraday Target 24.89
Downside Intraday Target 24.56
Upside Intraday Target 25.47
Upside Intraday Target 25.72
Downside Intraday Target 25.14

Weekly technical analysis of Mgic Investment (MTG)

Date Weekly Closing Price Open High Low Volume
29 Tue Oct 2024 25.21 25.11 25.40 24.82 0.62 times
25 Fri Oct 2024 24.89 25.96 26.02 24.81 1.082 times
18 Fri Oct 2024 25.99 25.72 26.53 25.58 0.872 times
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

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
29 Tue Oct 2024 25.21 25.54 26.53 24.81 0.82 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 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 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 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 gaining 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 25.52 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 negative.

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 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 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 gaining 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 25.52 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 negative.

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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