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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.

10 day averaged volume of Mgic Investment is 2858420

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 22.13 21.91 22.18 21.85 0.715 times
26 Tue Mar 2024 21.74 21.90 21.94 21.73 0.489 times
25 Mon Mar 2024 21.84 21.79 22.04 21.71 0.513 times
22 Fri Mar 2024 21.79 21.91 21.96 21.73 0.707 times
21 Thu Mar 2024 21.91 22.01 22.01 21.67 0.899 times
20 Wed Mar 2024 21.96 20.97 22.02 20.92 1.456 times
19 Tue Mar 2024 20.96 20.59 21.00 20.59 0.575 times
18 Mon Mar 2024 20.60 20.99 21.06 20.59 0.869 times
15 Fri Mar 2024 20.99 20.89 21.18 20.77 2.9 times
14 Thu Mar 2024 21.00 21.04 21.21 20.90 0.942 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.7, but if it comes below 21.7, then a intra day sell could be more profitable.
If you take a sell trade below 21.7, then use 21.7 as stoploss and 20.82 as target. However if you take a buy trade in stock , then use 21.7 as stoploss and 22.7 as target.

Share price targets for Mgic Investment (MTG)

Target Type Value
Downside Target 16.46
Downside Target 17.42
Downside Target 17.97
Downside Target 18.68
Downside Target 19.64
Downside Target 20.29
Downside Target 20.59
Downside Target 21.21
Downside Target 21.71
Downside Target 22.02
Upside Target 22.18

Intraday share price targets for Mgic Investment (MTG)

Target Type Value
Downside Intraday Target 21.83
Downside Intraday Target 21.54
Upside Intraday Target 22.3
Upside Intraday Target 22.48
Downside Intraday Target 22.01

Weekly technical analysis of Mgic Investment (MTG)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 22.13 21.79 22.18 21.71 0.381 times
22 Fri Mar 2024 21.79 20.99 22.02 20.59 0.659 times
15 Fri Mar 2024 20.99 19.82 21.21 19.80 1.819 times
08 Fri Mar 2024 19.75 19.90 20.29 19.66 1.296 times
01 Fri Mar 2024 19.82 19.24 20.08 19.15 1.191 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
27 Wed Mar 2024 22.13 19.85 22.18 19.66 1.148 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
29 Fri Dec 2023 19.29 17.56 19.64 17.42 1.139 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 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 and the buying is gaining 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 21.4 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 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 and the buying is gaining 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 21.4 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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