MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
NYSE:MTG - New York Stock Exchange, Inc. - US5528481030 - Common Stock - Currency: USD
Overall MTG gets a technical rating of 4 out of 10. Although MTG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MTG is part of the Financial Services industry. There are 101 other stocks in this industry. MTG outperforms 82% of them.
MTG has an average volume of 2638640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MTG did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MTG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month MTG has a been trading in the 21.94 - 25.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MTG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.58, a Stop Loss order could be placed below this zone.
More info and screens
22.21
26.65
2 important support areas can be observed.
- A support zone ranging from 23.52 to 24.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.43 to 23.09. 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 25.74 to 26.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.55
Mansfield0.72
10 Day High24.94
10 Day Low22.68
20 Day High25.57
20 Day Low21.94
52 Week High26.56
52 Week Low20.02
Performance
1 Week3.65%
2 Weeks3.43%
1 Month-0.12%
3 Month-0.16%
6 Month-0.72%
12 Month20.65%
2 Year66.17%
3 Year89.2%
5 Year238.03%
10 Year137.14%
15 Year136.91%
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)56.06
LBB22.4
UBB25.03
24.71
+0.56 (+2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg2.32%
1 Week3.65%
2 Weeks3.43%
1 Month-0.12%
3 Month-0.16%
6 Month-0.72%
12 Month20.65%
2 Year66.17%
3 Year89.2%
5 Year238.03%
10 Year137.14%
15 Year136.91%
Volatility
ATR(14)1.04
ATR(20)%3.8%
ATR Inc-22.12%
Range Today0.72
ADR(20)0.85
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.55
Mansfield0.72
10 Day High24.94
10 Day Low22.68
20 Day High25.57
20 Day Low21.94
52 Week High26.56
52 Week Low20.02
CS1 End24.58
CR1 Start25.74
Volume & EV
DER(3)1.76%
DER(5)1.15%
Volume2.37M
Volume Incr-43.68%
Vol(5)1.92M
Vol(50)2.64M