(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 2024-11-06 View latest technical analysis
10 day averaged volume of Mgic Investment is 2021100
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Wed Nov 2024 | 24.82 | 25.20 | 25.39 | 23.92 | 1.436 times |
| 05 Tue Nov 2024 | 23.85 | 23.57 | 23.95 | 23.36 | 1.666 times |
| 04 Mon Nov 2024 | 23.52 | 23.60 | 23.93 | 23.48 | 1.332 times |
| 01 Fri Nov 2024 | 23.56 | 24.75 | 24.79 | 23.40 | 1.91 times |
| 31 Thu Oct 2024 | 25.04 | 25.25 | 25.42 | 25.04 | 0.748 times |
| 30 Wed Oct 2024 | 25.36 | 25.18 | 25.71 | 25.18 | 0.714 times |
| 29 Tue Oct 2024 | 25.21 | 24.94 | 25.27 | 24.82 | 0.877 times |
| 28 Mon Oct 2024 | 25.16 | 25.11 | 25.40 | 25.09 | 0.96 times |
| 25 Fri Oct 2024 | 24.89 | 25.64 | 25.67 | 24.81 | 0.625 times |
| 24 Thu Oct 2024 | 25.55 | 25.42 | 25.61 | 25.28 | 0.567 times |
My analysis of stock is bearish for shortterm, and stock might move down till 24.4 or till 23.5. Use a stoploss of 25.22 and if the stock hits stoploss, then it can shoot up till 25.99
Share price targets for Mgic Investment (MTG)
| Target Type | Value |
| Downside Target | 21.20 |
| Downside Target | 22.88 |
| Downside Target | 23.36 |
| Downside Target | 24.06 |
| Downside Target | 24.81 |
| 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 | 23.66 |
| Downside Intraday Target | 22.49 |
| Upside Intraday Target | 25.69 |
| Upside Intraday Target | 26.55 |
| Downside Intraday Target | 24.52 |
Weekly technical analysis of Mgic Investment (MTG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Wed Nov 2024 | 24.82 | 23.60 | 25.39 | 23.36 | 0.851 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 |
| 06 Wed Nov 2024 | 24.82 | 24.75 | 25.39 | 23.36 | 0.435 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term and the sell 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 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 in or above 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 24.44 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mgic Investment in short term and the sell 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 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 in or above 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 24.44 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.