MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
USA - NYSE:MTG - US5528481030 - Common Stock
28.315 USD
+0.2 (+0.69%)
Overall MTG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MTG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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 2143150 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 55% of them, which is more or less in line with the market.
MTG is an average performer in the Financial Services industry, it outperforms 63% of 101 stocks in the same industry.
In the last month MTG has a been trading in a tight range between 27.46 and 29.01.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MTG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.66
29.21
6 important support areas can be observed.
- A support zone ranging from 28.16 to 28.28. 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 26.97 to 27.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.68 from a trend line in the weekly time frame.
- A support zone ranging from 25.06 to 25.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.56 from a horizontal line in the weekly time frame.
- Support @22.89 from a horizontal line in the daily time frame.
We found 1 important resistance 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 | 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 | 55.29 | 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) | 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) | 52.98 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MTG has a negative trend. |
| Stochastics (14,3) | 52.42 | NEUTRAL | The Stochastics value for MTG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for MTG suggests low volalility. |
| Average Directional Index/ADX (14) | 23.04 | NEUTRAL | The ADX value for MTG suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 28.93 | 27.74 | 1.20 (4.13%) | 24.21% |
| An entry @28.93. This is a Buy Stop order right above the resistance zone. | An exit @27.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.20 points, which is 4.13%. | When investing 24.21% 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.
NYSE:MTG (9/23/2025, 11:55:07 AM)
28.315
+0.2 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.69%
1 Week0.46%
2 Weeks-1.02%
1 Month-0.11%
3 Month1.63%
6 Month15.25%
12 Month10.84%
2 Year68.48%
3 Year119.34%
5 Year217.38%
10 Year203.67%
15 Year204.66%
Volatility
ATR(14)0.49
ATR(20)%1.6%
ATR Inc-21%
Range Today0.26
ADR(20)0.44
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.29
Mansfield-0.15
10 Day High29.01
10 Day Low27.75
20 Day High29.01
20 Day Low27.47
52 Week High29.01
52 Week Low21.94
CS1 End27.51
CR1 Start28.16
Volume & EV
DER(3)-0.39%
DER(5)-1.36%
Volume1.09M
Volume Incr190.15%
Vol(5)4.27M
Vol(50)2.14M