MGIC INVESTMENT CORP (MTG)
US5528481030 - Common Stock
We assign a technical rating of 8 out of 10 to MTG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MTG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MTG is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, MTG also shows a nice and consistent pattern of rising prices.
MTG is one of the better performing stocks in the Financial Services industry, it outperforms 79% of 102 stocks in the same industry.
MTG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MTG is performing more or less in line with the market.
MTG has an average volume of 2138090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although MTG has an excellent technical rating, the quality of the presented setup is not ideal 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
13.21
22.58
3 important support areas can be observed.
- A support zone ranging from 19.48 to 20.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.93 to 19.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.36 to 22.36. 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
CRS83.54
Mansfield0.4
10 Day High20.4
10 Day Low19.26
20 Day High22.43
20 Day Low19.26
52 Week High22.43
52 Week Low13.97
Performance
1 Week3.98%
2 Weeks2.31%
1 Month-8%
3 Month1.5%
6 Month23.69%
12 Month36.92%
2 Year55.9%
3 Year33.6%
5 Year39.07%
10 Year136.74%
15 Year695.31%
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)0.01
RSI(14)50.35
LBB19.14
UBB20.82
MGIC INVESTMENT CORP
NYSE:MTG (4/25/2024, 7:06:34 PM)
After market: 20.36 0 (0%)20.36
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.05%
1 Week3.98%
2 Weeks2.31%
1 Month-8%
3 Month1.5%
6 Month23.69%
12 Month36.92%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.39
ATR(20)%2.09%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High20.4
10 Day Low19.26
20 Day High22.43
20 Day Low19.26
52 Week High22.43
52 Week Low13.97
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.94M
Volume Incr-6.85%
Vol(5)1.80M
Vol(50)2.14M