(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 2024-10-29 View latest technical analysis
10 day averaged volume of Mgic Investment is 1272710
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 25.21 | 24.94 | 25.27 | 24.82 | 1.393 times |
| 28 Mon Oct 2024 | 25.16 | 25.11 | 25.40 | 25.09 | 1.524 times |
| 25 Fri Oct 2024 | 24.89 | 25.64 | 25.67 | 24.81 | 0.992 times |
| 24 Thu Oct 2024 | 25.55 | 25.42 | 25.61 | 25.28 | 0.9 times |
| 23 Wed Oct 2024 | 25.40 | 25.26 | 25.46 | 25.06 | 0.956 times |
| 22 Tue Oct 2024 | 25.38 | 25.30 | 25.50 | 25.22 | 0.814 times |
| 21 Mon Oct 2024 | 25.37 | 25.96 | 26.02 | 25.35 | 1.044 times |
| 18 Fri Oct 2024 | 25.99 | 26.38 | 26.48 | 25.84 | 1.224 times |
| 17 Thu Oct 2024 | 26.39 | 26.37 | 26.53 | 26.04 | 1.135 times |
| 16 Wed Oct 2024 | 26.16 | 26.11 | 26.32 | 26.05 | 0.662 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 25.2 as stoploss in an intra day buy trade for a target of 25.52. However, stock will show a bearish move below 25.2.
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 20.35 |
| Downside Target | 21.20 |
| Downside Target | 21.88 |
| Downside Target | 22.88 |
| Downside Target | 24.06 |
| Downside Target | 24.81 |
| Upside Target | 25.79 |
| Upside Target | 25.81 |
| Upside Target | 25.89 |
| Upside Target | 25.93 |
| Upside Target | 26.02 |
| Upside Target | 26.53 |
Intraday share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Intraday Target | 24.89 |
| Downside Intraday Target | 24.56 |
| Upside Intraday Target | 25.47 |
| Upside Intraday Target | 25.72 |
| Downside Intraday Target | 25.14 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 25.21 | 25.11 | 25.40 | 24.82 | 0.62 times |
| 25 Fri Oct 2024 | 24.89 | 25.96 | 26.02 | 24.81 | 1.082 times |
| 18 Fri Oct 2024 | 25.99 | 25.72 | 26.53 | 25.58 | 0.872 times |
| 11 Fri Oct 2024 | 25.67 | 25.50 | 25.81 | 24.99 | 1.035 times |
| 04 Fri Oct 2024 | 25.70 | 25.26 | 25.79 | 25.08 | 0.992 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 |
| 29 Tue Oct 2024 | 25.21 | 25.54 | 26.53 | 24.81 | 0.82 times |
| 30 Mon Sep 2024 | 25.60 | 25.33 | 25.89 | 24.06 | 0.936 times |
| 30 Fri Aug 2024 | 25.43 | 25.60 | 25.93 | 22.88 | 0.958 times |
| 31 Wed Jul 2024 | 24.84 | 21.73 | 25.35 | 21.20 | 1.057 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 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 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 SELL. 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 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 SELL signal for Mgic Investment in short term and SELL signal is strong!
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
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 25.52 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 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 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 SELL. 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 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 SELL signal for Mgic Investment in short term and SELL signal is strong!
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
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 25.52 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.