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(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.

10 day averaged volume of Mgic Investment is 1476520

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 21.19 21.13 21.25 21.07 0.748 times
16 Thu May 2024 21.10 21.03 21.19 20.99 0.628 times
15 Wed May 2024 21.06 21.01 21.09 20.84 0.924 times
14 Tue May 2024 20.94 21.16 21.26 20.77 1.317 times
13 Mon May 2024 21.08 21.34 21.39 21.05 0.85 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.1, but if it comes below 21.1, then a intra day sell could be more profitable.
If you take a sell trade below 21.1, then use 21.1 as stoploss and 20.74 as target. However if you take a buy trade in stock , then use 21.1 as stoploss and 21.6 as target.

Share price targets for Mgic Investment (MTG)

Target Type Value
Downside Target 18.68
Downside Target 19.66
Downside Target 20.63
Downside Target 20.77
Downside Target 20.78
Downside Target 20.81
Upside Target 21.39
Upside Target 21.45
Upside Target 22.31
Upside Target 22.43

Intraday share price targets for Mgic Investment (MTG)

Target Type Value
Downside Intraday Target 20.84
Downside Intraday Target 20.5
Upside Intraday Target 21.46
Upside Intraday Target 21.74
Downside Intraday Target 21.12

Weekly technical analysis of Mgic Investment (MTG)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 21.19 21.34 21.39 20.77 0.808 times
10 Fri May 2024 21.25 20.85 21.45 20.78 0.727 times
03 Fri May 2024 20.64 20.55 20.81 20.02 1.218 times
26 Fri Apr 2024 20.48 19.95 20.63 19.81 0.954 times
19 Fri Apr 2024 19.83 19.91 19.94 19.26 1.191 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
17 Fri May 2024 21.19 20.32 21.45 20.02 0.515 times
30 Tue Apr 2024 20.28 22.31 22.31 19.26 0.83 times
28 Thu Mar 2024 22.36 19.85 22.43 19.66 1.19 times
29 Thu Feb 2024 19.89 19.82 20.08 18.68 1.289 times

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 23, 20, 7 Buy
MACD 0, 0Buy
Stochastics 68None
CCI 57Buy
RSI 43Sell
OBV 16026498Sell
VWAP 21Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Mgic Investment in short term and the buy signal is strong.

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 tired and bears 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 and BUY 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 21.06 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 rising upwards.

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 is giving positive 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.

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