(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 2024-11-05 View latest technical analysis
10 day averaged volume of Mgic Investment is 1788100
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 23.85 | 23.57 | 23.95 | 23.36 | 1.883 times |
| 04 Mon Nov 2024 | 23.52 | 23.60 | 23.93 | 23.48 | 1.505 times |
| 01 Fri Nov 2024 | 23.56 | 24.75 | 24.79 | 23.40 | 2.159 times |
| 31 Thu Oct 2024 | 25.04 | 25.25 | 25.42 | 25.04 | 0.846 times |
| 30 Wed Oct 2024 | 25.36 | 25.18 | 25.71 | 25.18 | 0.807 times |
| 29 Tue Oct 2024 | 25.21 | 24.94 | 25.27 | 24.82 | 0.991 times |
| 28 Mon Oct 2024 | 25.16 | 25.11 | 25.40 | 25.09 | 1.085 times |
| 25 Fri Oct 2024 | 24.89 | 25.64 | 25.67 | 24.81 | 0.706 times |
| 24 Thu Oct 2024 | 25.55 | 25.42 | 25.61 | 25.28 | 0.641 times |
| 23 Wed Oct 2024 | 25.40 | 25.26 | 25.46 | 25.06 | 0.681 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 23.6, for a target of 24.5 or 25.25
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 21.20 |
| Downside Target | 22.88 |
| Downside Target | 23.36 |
| Upside Target | 23.95 |
| Upside Target | 24.79 |
| Upside Target | 25.71 |
| 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 | 23.49 |
| Downside Intraday Target | 23.13 |
| Upside Intraday Target | 24.08 |
| Upside Intraday Target | 24.31 |
| Downside Intraday Target | 23.72 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 23.85 | 23.60 | 23.95 | 23.36 | 0.575 times |
| 01 Fri Nov 2024 | 23.56 | 25.11 | 25.71 | 23.40 | 1.758 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 |
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 |
| 05 Tue Nov 2024 | 23.85 | 24.75 | 24.79 | 23.36 | 0.336 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 |
| 30 Fri Aug 2024 | 25.43 | 25.60 | 25.93 | 22.88 | 0.958 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are below the red 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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 24.45 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are below the red 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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 24.45 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.