NYSE:MTG • US5528481030
Overall MTG gets a technical rating of 0 out of 10. MTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MTG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
24.81
We found 3 important support areas.
We can see 2 important resistance areas.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTG is down. |
| ChartMill Relative Strength | 37.92 | NEUTRAL | MTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MTG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.03 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MTG has a negative trend. |
| Stochastics (14,3) | 39.17 | NEUTRAL | The Stochastics value for MTG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MTG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for MTG suggests a possible start of a new trend. |
26.21
+0.15 (+0.58%)
ChartMill assigns a technical rating of 0 / 10 to MTG.
The current trend direction for MGIC INVESTMENT CORP (MTG) is Bearish.
MGIC INVESTMENT CORP (MTG) has an RSI value of 42.0337. This indicates that the stock is currently neutral.
The short term momentum for MGIC INVESTMENT CORP (MTG) is negative.
MGIC INVESTMENT CORP (MTG) has a support level at 26.2 and a resistance level at 26.43. Check the full technical report for our detailed analysis of MTG support and resistance levels.