(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 2024-08-16 View latest technical analysis
10 day averaged volume of Mgic Investment is 1803200
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Fri Aug 2024 | 23.99 | 23.90 | 24.25 | 23.87 | 0.887 times |
| 15 Thu Aug 2024 | 23.88 | 23.62 | 23.89 | 23.44 | 0.855 times |
| 14 Wed Aug 2024 | 23.29 | 23.31 | 23.42 | 23.01 | 0.772 times |
| 13 Tue Aug 2024 | 23.27 | 23.22 | 23.38 | 23.11 | 0.998 times |
| 12 Mon Aug 2024 | 23.09 | 23.74 | 23.78 | 22.92 | 1.41 times |
| 09 Fri Aug 2024 | 23.79 | 23.64 | 23.88 | 23.59 | 0.823 times |
| 08 Thu Aug 2024 | 23.52 | 23.49 | 23.72 | 23.39 | 0.756 times |
| 07 Wed Aug 2024 | 23.42 | 23.88 | 23.94 | 23.29 | 0.733 times |
| 06 Tue Aug 2024 | 23.70 | 23.45 | 23.91 | 23.31 | 0.756 times |
| 05 Mon Aug 2024 | 23.42 | 23.37 | 23.55 | 22.88 | 1.387 times |
My analysis of stock is bullish for shortterm, and stock might move up till 24.5 or till 25.1. Use a stoploss of 23.9 and if this stock hits its stoploss, then it can fall down till 23.34
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 | 23.66 |
| Downside Target | 23.84 |
| Downside Target | 23.94 |
| Upside Target | 24.25 |
| 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 | 23.19 |
| Downside Intraday Target | 22.39 |
| Upside Intraday Target | 24.52 |
| Upside Intraday Target | 25.05 |
| Downside Intraday Target | 23.72 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Fri Aug 2024 | 23.99 | 23.74 | 24.25 | 22.92 | 1.105 times |
| 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 |
Price has moved up 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 |
| 16 Fri Aug 2024 | 23.99 | 25.60 | 25.93 | 22.88 | 0.607 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 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls 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 moving up
CCI has generated a buy signal for Mgic Investment in short term and BUY 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
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 23.5 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 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 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls 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 moving up
CCI has generated a buy signal for Mgic Investment in short term and BUY 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
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 23.5 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 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.