(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 2024-06-21 View latest technical analysis
10 day averaged volume of Mgic Investment is 1301540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 21.39 | 21.29 | 21.49 | 21.25 | 3.551 times |
| 20 Thu Jun 2024 | 21.31 | 21.01 | 21.31 | 20.95 | 1.166 times |
| 18 Tue Jun 2024 | 21.02 | 20.80 | 21.04 | 20.77 | 0.858 times |
| 18 Tue Jun 2024 | 21.02 | 20.80 | 21.04 | 20.77 | 0.858 times |
| 17 Mon Jun 2024 | 20.86 | 20.38 | 20.87 | 20.35 | 0.826 times |
| 14 Fri Jun 2024 | 20.45 | 20.65 | 20.82 | 20.40 | 1.015 times |
| 13 Thu Jun 2024 | 20.96 | 20.92 | 21.02 | 20.62 | 1.138 times |
| 12 Wed Jun 2024 | 21.00 | 20.86 | 21.20 | 20.84 | 1.181 times |
| 11 Tue Jun 2024 | 20.47 | 20.58 | 20.70 | 20.42 | 0.993 times |
| 10 Mon Jun 2024 | 20.80 | 20.70 | 20.85 | 20.48 | 1.229 times |
Stock of Mgic Investment (MTG) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.2, but if it comes below 21.2, then a intra day sell could be more profitable.
If you take a sell trade below 21.2, then use 21.2 as stoploss and 20.9 as target. However if you take a buy trade in stock , then use 21.2 as stoploss and 21.6 as target.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 18.68 |
| Downside Target | 19.26 |
| Downside Target | 19.66 |
| Downside Target | 21.04 |
| Downside Target | 21.20 |
| Upside Target | 21.45 |
| Upside Target | 21.49 |
| Upside Target | 21.57 |
| Upside Target | 22.31 |
| Upside Target | 22.43 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 20.94 |
| Downside Intraday Target | 20.5 |
| Upside Intraday Target | 21.66 |
| Upside Intraday Target | 21.94 |
| Downside Intraday Target | 21.22 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 21.39 | 20.80 | 21.49 | 20.77 | 3.311 times |
| 18 Tue Jun 2024 | 21.02 | 20.38 | 21.04 | 20.35 | 0.303 times |
| 14 Fri Jun 2024 | 20.45 | 20.70 | 21.20 | 20.40 | 0.881 times |
| 07 Fri Jun 2024 | 20.94 | 21.44 | 21.57 | 20.81 | 1.465 times |
| 31 Fri May 2024 | 21.00 | 20.58 | 21.00 | 20.11 | 0.706 times |
Price has moved up 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 |
| 21 Fri Jun 2024 | 21.39 | 21.44 | 21.57 | 20.35 | 0.704 times |
| 31 Fri May 2024 | 21.00 | 20.32 | 21.45 | 20.02 | 0.834 times |
| 30 Tue Apr 2024 | 20.28 | 22.31 | 22.31 | 19.26 | 0.83 times |
| 28 Thu Mar 2024 | 22.36 | 19.85 | 22.43 | 19.66 | 1.19 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 but buying is losing 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 21.02 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 but buying is losing 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 21.02 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.