MGIC INVESTMENT CORP (MTG)
US5528481030 - Common Stock
Taking everything into account, MTG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MTG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MTG did better than 88% of all other stocks. On top of that, MTG also shows a nice and consistent pattern of rising prices.
MTG is part of the Financial Services industry. There are 101 other stocks in this industry. MTG outperforms 80% of them.
MTG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MTG has an average volume of 1732060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MTG has a been trading in a tight range between 17.25 and 18.09.
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
12.28
18.27
When analyzing the support we can see 5 important areas.
- A support zone ranging from 17.22 to 17.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.85 from a horizontal line in the daily time frame.
- A support zone ranging from 16.46 to 16.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.01 from a trend line in the weekly time frame.
- Support @12.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.08 to 18.09. 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
CRS88.34
Mansfield0.78
10 Day High18.1
10 Day Low17.31
20 Day High18.1
20 Day Low17.25
52 Week High18.25
52 Week Low12.16
Performance
1 Week1.97%
2 Weeks2.38%
1 Month3.91%
3 Month4.03%
6 Month14.07%
12 Month38.33%
2 Year25.38%
3 Year44.06%
5 Year72.85%
10 Year114.22%
15 Year419.54%
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)0.02
RSI(14)60.54
LBB17.23
UBB18.02
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.10 | 17.30 | 0.80 (4.42%) | 22.62% |
| An entry @18.10. This is a Buy Stop order right above the resistance zone. | An exit @17.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.80 points, which is 4.42%. | When investing 22.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MGIC INVESTMENT CORP
NYSE:MTG (12/8/2023, 7:05:39 PM)
After market: 18.08 0 (0%)18.08
+0.33 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.86%
1 Week1.97%
2 Weeks2.38%
1 Month3.91%
3 Month4.03%
6 Month14.07%
12 Month38.33%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.28
ATR(20)%1.64%
ATR Inc
Range Today0.38
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 High18.1
10 Day Low17.31
20 Day High18.1
20 Day Low17.25
52 Week High18.25
52 Week Low12.16
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.59M
Volume Incr2.8%
Vol(5)1.58M
Vol(50)1.73M