MGIC INVESTMENT CORP (MTG) Technical Analysis
NYSE:MTG • US5528481030
Current stock price
MTG Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MTG. Although MTG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- MTG is part of the Financial Services industry. There are 99 other stocks in this industry. MTG outperforms 71% of them.
- MTG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTG is lagging the market slightly.
- In the last month MTG has a been trading in the 25.63 - 28.90 range, which is quite wide. It is currently trading near the high of this range.
- MTG has an average volume of 1924750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MTG outperforms 64% of them, which is more or less in line with the market.
MTG Weekly and Daily overview Charts
MTG Setup Rating and Analysis
Although MTG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MTG Support and Resistance Analysis
24.95
3 important support areas can be observed.
- A support zone ranging from 27.86 to 27.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.73 to 27.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.20 to 25.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.79 to 29.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
MTG Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTG is up. |
| ChartMill Relative Strength | 64.72 | NEUTRAL | MTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.12 | OVERBOUGHT | The high RSI value suggests MTG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.07 | OVERBOUGHT | The high Stochastics value suggests MTG may be overbought. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for MTG suggests low volalility. |
| Average Directional Index/ADX (14) | 25.77 | POSITIVE | The high ADX value value for MTG suggests a strong trend. |
MTG Chart- and CandleStick Pattern Analysis
MTG Technicals: Chart, Performance Metrics, Trend & Indicators
28.63
-0.14 (-0.49%)
MGIC INVESTMENT CORP / MTG TA FAQ
Can you provide the ChartMill technical rating for MGIC INVESTMENT CORP?
ChartMill assigns a technical rating of 8 / 10 to MTG.
What is the current trend direction of MGIC INVESTMENT CORP (MTG) stock?
The current trend direction for MGIC INVESTMENT CORP (MTG) is Bullish.
What is the RSI signal for MTG stock?
MGIC INVESTMENT CORP (MTG) has an RSI value of 70.1157. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MGIC INVESTMENT CORP?
The MACD indicator for MGIC INVESTMENT CORP (MTG) has a value of 0.149592, indicating a bearish trend.
What is the short term momentum for MTG stock?
The short term momentum for MGIC INVESTMENT CORP (MTG) is positive.