(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 2024-08-09 View latest technical analysis
10 day averaged volume of Mgic Investment is 1787189
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 23.79 | 23.64 | 23.88 | 23.59 | 0.83 times |
| 08 Thu Aug 2024 | 23.52 | 23.49 | 23.72 | 23.39 | 0.763 times |
| 07 Wed Aug 2024 | 23.42 | 23.88 | 23.94 | 23.29 | 0.74 times |
| 06 Tue Aug 2024 | 23.70 | 23.45 | 23.91 | 23.31 | 0.762 times |
| 05 Mon Aug 2024 | 23.42 | 23.37 | 23.55 | 22.88 | 1.4 times |
| 02 Fri Aug 2024 | 24.14 | 24.17 | 24.50 | 23.66 | 1.525 times |
| 01 Thu Aug 2024 | 24.51 | 25.60 | 25.93 | 24.21 | 1.269 times |
| 31 Wed Jul 2024 | 24.84 | 24.87 | 25.35 | 24.72 | 1.151 times |
| 30 Tue Jul 2024 | 24.77 | 24.71 | 24.88 | 24.60 | 0.702 times |
| 29 Mon Jul 2024 | 24.55 | 24.93 | 24.96 | 24.48 | 0.663 times |
My analysis of stock is bearish for shortterm, and stock might move down till 23.3 or till 22.6. Use a stoploss of 23.86 and if the stock hits stoploss, then it can shoot up till 24.45
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 19.26 |
| Downside Target | 20.02 |
| Downside Target | 21.20 |
| Downside Target | 21.88 |
| Downside Target | 23.32 |
| Downside Target | 23.66 |
| Upside Target | 23.84 |
| Upside Target | 23.94 |
| Upside Target | 24.90 |
| Upside Target | 25.35 |
| Upside Target | 25.93 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 23.13 |
| Downside Intraday Target | 22.48 |
| Upside Intraday Target | 24.19 |
| Upside Intraday Target | 24.6 |
| Downside Intraday Target | 23.54 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 23.79 | 23.37 | 23.94 | 22.88 | 0.846 times |
| 02 Fri Aug 2024 | 24.14 | 24.93 | 25.93 | 23.66 | 0.917 times |
| 26 Fri Jul 2024 | 24.88 | 23.43 | 24.90 | 23.32 | 1.303 times |
| 19 Fri Jul 2024 | 23.40 | 22.59 | 23.84 | 22.51 | 1.107 times |
| 12 Fri Jul 2024 | 22.41 | 21.52 | 22.68 | 21.20 | 2.527 times |
Price has moved down 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 |
| 09 Fri Aug 2024 | 23.79 | 25.60 | 25.93 | 22.88 | 0.361 times |
| 31 Wed Jul 2024 | 24.84 | 21.73 | 25.35 | 21.20 | 1.057 times |
| 28 Fri Jun 2024 | 21.55 | 21.44 | 21.88 | 20.35 | 0.965 times |
| 31 Fri May 2024 | 21.00 | 20.32 | 21.45 | 20.02 | 0.834 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 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 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 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 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 24.07 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 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 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 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 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 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 24.07 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.