(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 2024-12-12 View latest technical analysis
10 day averaged volume of Mgic Investment is 1355462
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Dec 2024 | 24.86 | 24.96 | 25.23 | 24.84 | 0.994 times |
| 11 Wed Dec 2024 | 24.81 | 24.83 | 24.92 | 24.69 | 1.217 times |
| 10 Tue Dec 2024 | 24.57 | 24.23 | 24.75 | 24.11 | 1.026 times |
| 09 Mon Dec 2024 | 24.63 | 25.00 | 25.17 | 24.40 | 1.522 times |
| 05 Thu Dec 2024 | 25.55 | 25.63 | 25.79 | 25.51 | 0.068 times |
| 26 Tue Nov 2024 | 26.11 | 26.18 | 26.24 | 25.66 | 0.913 times |
| 26 Tue Nov 2024 | 26.11 | 26.18 | 26.24 | 25.66 | 0.913 times |
| 25 Mon Nov 2024 | 26.33 | 25.70 | 26.56 | 25.70 | 1.985 times |
| 22 Fri Nov 2024 | 25.50 | 25.09 | 25.54 | 25.05 | 0.934 times |
| 21 Thu Nov 2024 | 24.97 | 24.86 | 25.06 | 24.71 | 0.646 times |
My analysis of stock is bearish for shortterm, and stock might move down till 24.5 or till 23.8. Use a stoploss of 25.03 and if the stock hits stoploss, then it can shoot up till 25.59
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 | 24.24 |
| Downside Intraday Target | 23.61 |
| Upside Intraday Target | 25.36 |
| Upside Intraday Target | 25.85 |
| Downside Intraday Target | 24.73 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Dec 2024 | 24.86 | 25.00 | 25.23 | 24.11 | 4.849 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 |
| 12 Thu Dec 2024 | 24.86 | 25.63 | 25.79 | 24.11 | 0.193 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mgic Investment ( (MTG) ) based on a mid to longer 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.
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.
Mgic Investment Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 buy signal for Mgic Investment in short term but BUY signal is weak.
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
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 is giving positive 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mgic Investment ( (MTG) ) based on a mid to longer 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.
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.
Mgic Investment Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 buy signal for Mgic Investment in short term but BUY signal is weak.
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
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 is giving positive 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.