(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 2024-12-10 View latest technical analysis
10 day averaged volume of Mgic Investment is 1271093
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 24.57 | 24.23 | 24.75 | 24.11 | 1.094 times |
| 09 Mon Dec 2024 | 24.63 | 25.00 | 25.17 | 24.40 | 1.623 times |
| 05 Thu Dec 2024 | 25.55 | 25.63 | 25.79 | 25.51 | 0.072 times |
| 26 Tue Nov 2024 | 26.11 | 26.18 | 26.24 | 25.66 | 0.974 times |
| 26 Tue Nov 2024 | 26.11 | 26.18 | 26.24 | 25.66 | 0.974 times |
| 25 Mon Nov 2024 | 26.33 | 25.70 | 26.56 | 25.70 | 2.117 times |
| 22 Fri Nov 2024 | 25.50 | 25.09 | 25.54 | 25.05 | 0.996 times |
| 21 Thu Nov 2024 | 24.97 | 24.86 | 25.06 | 24.71 | 0.689 times |
| 20 Wed Nov 2024 | 24.73 | 24.50 | 24.76 | 24.46 | 0.826 times |
| 19 Tue Nov 2024 | 24.57 | 24.54 | 24.72 | 24.50 | 0.966 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 24.4 as stoploss in an intra day buy trade for a target of 24.98. However, stock will show a bearish move below 24.4.
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 | 24.06 |
| Downside Intraday Target | 23.56 |
| Upside Intraday Target | 25.12 |
| Upside Intraday Target | 25.68 |
| Upside Intraday Target | 24.62 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 24.57 | 25.00 | 25.17 | 24.11 | 2.596 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 |
| 10 Tue Dec 2024 | 24.57 | 25.63 | 25.79 | 24.11 | 0.104 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 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 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 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 mid to longer 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
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Weak 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 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 but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 25.37 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 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 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 mid to longer 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
ADX buy sell signal for Mgic Investment stock for short term is SELL. Signal strength is Weak 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 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 but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 25.37 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.