(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 2024-12-09 View latest technical analysis
10 day averaged volume of Mgic Investment is 1181551
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon Dec 2024 | 24.63 | 25.00 | 25.17 | 24.40 | 1.746 times |
| 05 Thu Dec 2024 | 25.55 | 25.63 | 25.79 | 25.51 | 0.078 times |
| 26 Tue Nov 2024 | 26.11 | 26.18 | 26.24 | 25.66 | 1.048 times |
| 26 Tue Nov 2024 | 26.11 | 26.18 | 26.24 | 25.66 | 1.048 times |
| 25 Mon Nov 2024 | 26.33 | 25.70 | 26.56 | 25.70 | 2.277 times |
| 22 Fri Nov 2024 | 25.50 | 25.09 | 25.54 | 25.05 | 1.072 times |
| 21 Thu Nov 2024 | 24.97 | 24.86 | 25.06 | 24.71 | 0.741 times |
| 20 Wed Nov 2024 | 24.73 | 24.50 | 24.76 | 24.46 | 0.889 times |
| 19 Tue Nov 2024 | 24.57 | 24.54 | 24.72 | 24.50 | 1.039 times |
| 18 Mon Nov 2024 | 24.79 | 24.85 | 25.02 | 24.78 | 0.82 times |
My analysis of stock is bearish for shortterm, and stock might move down till 24.2 or till 23.4. Use a stoploss of 24.93 and if the stock hits stoploss, then it can shoot up till 25.62
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 22.88 |
| Downside Target | 23.36 |
| Downside Target | 24.06 |
| Upside Target | 25.66 |
| Upside Target | 25.79 |
| Upside Target | 25.89 |
| Upside Target | 25.93 |
| Upside Target | 26.24 |
| Upside Target | 26.53 |
| Upside Target | 26.56 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 24.3 |
| Downside Intraday Target | 23.96 |
| Upside Intraday Target | 25.07 |
| Upside Intraday Target | 25.5 |
| Upside Intraday Target | 24.73 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon Dec 2024 | 24.63 | 25.00 | 25.17 | 24.40 | 1.551 times |
| 05 Thu Dec 2024 | 25.55 | 26.18 | 26.24 | 25.51 | 0.339 times |
| 26 Tue Nov 2024 | 26.11 | 25.70 | 26.56 | 25.66 | 0.729 times |
| 22 Fri Nov 2024 | 25.50 | 24.85 | 25.54 | 24.46 | 0.831 times |
| 15 Fri Nov 2024 | 24.91 | 24.67 | 25.09 | 24.42 | 0.496 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mgic Investment (MTG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Mon Dec 2024 | 24.63 | 25.63 | 25.79 | 24.40 | 0.063 times |
| 26 Tue Nov 2024 | 26.11 | 24.75 | 26.56 | 23.36 | 1.153 times |
| 31 Thu Oct 2024 | 25.04 | 25.54 | 26.53 | 24.81 | 0.912 times |
| 30 Mon Sep 2024 | 25.60 | 25.33 | 25.89 | 24.06 | 0.936 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY signal for Mgic Investment in short term and the buy signal is strong.
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. 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 coming down
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 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 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY signal for Mgic Investment in short term and the buy signal is strong.
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. 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 coming down
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 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 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.