MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
USA - NYSE:MTG - US5528481030 - Common Stock
27.42 USD
-0.08 (-0.29%)
27.7242 USD
+0.3 (+1.11%)
Taking everything into account, MTG scores 3 out of 10 in our technical rating. In the last year, MTG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MTG is part of the Financial Services industry. There are 99 other stocks in this industry. MTG outperforms 78% 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 26.18 - 27.88 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MTG has an average volume of 1959910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 27.39, a Stop Loss order could be placed below this zone.
More info and screens
23.32
29.21
5 important support areas can be observed.
- A support zone ranging from 26.95 to 27.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.36 from a horizontal line in the daily time frame.
- Support @25.77 from a trend line in the weekly time frame.
- Support @25.20 from a horizontal line in the weekly time frame.
- Support @23.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.52 to 28.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MTG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTG is neutral. |
| ChartMill Relative Strength | 64.87 | NEUTRAL | MTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTG is above 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 | POSITIVE | The current price of MTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.28 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MTG has a positive trend. |
| Stochastics (14,3) | 53.59 | NEUTRAL | The Stochastics value for MTG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for MTG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.29 | NEGATIVE | The low ADX value for MTG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
27.42
-0.08 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.29%
1 Week0.15%
2 Weeks1.86%
1 Month-0.33%
3 Month4.34%
6 Month5.06%
12 Month16.38%
2 Year62.83%
3 Year100.88%
5 Year172.57%
10 Year191.7%
15 Year210.88%
Volatility
ATR(14)0.59
ATR(20)%1.98%
ATR Inc66.28%
Range Today0.42
ADR(20)0.54
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.87
3 months CRS52.69
6 months CRS44.43
Mansfield-0.55
10 Day High27.72
10 Day Low26.19
20 Day High27.88
20 Day Low26.19
52 Week High29.01
52 Week Low21.94
CS1 End27.39
CR1 Start28.52
Volume & EV
DER(3)1.38%
DER(5)-0.17%
Volume2.66M
Volume Incr44.24%
Vol(5)2.39M
Vol(50)1.96M
MGIC INVESTMENT CORP / MTG FAQ
What is the technical rating for MTG stock?
ChartMill assigns a technical rating of 3 / 10 to MTG.
What is the trend direction for MTG stock?
The current trend direction for MGIC INVESTMENT CORP (MTG) is Bearish.
Can you provide the RSI signal for MGIC INVESTMENT CORP?
MGIC INVESTMENT CORP (MTG) has an RSI value of 51.2794. This indicates that the stock is currently neutral.
What is the short term momentum for MGIC INVESTMENT CORP (MTG) stock?
The short term momentum for MGIC INVESTMENT CORP (MTG) is neutral.