MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
NYSE:MTG - US5528481030 - Common Stock
28.4 USD
-0.04 (-0.14%)
28.4 USD
0 (0%)
We assign a technical rating of 8 out of 10 to MTG. 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.
A new 52 week high is currently being made by MTG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month MTG has a been trading in the 26.56 - 28.71 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 2152190 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 63% of them, which is more or less in line with the market.
MTG is an average performer in the Financial Services industry, it outperforms 68% of 101 stocks in the same industry.
MTG has an excellent technical rating, but the quality of the setup is only medium 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
22.66
28.81
We found 4 important support areas.
- A support zone ranging from 26.53 to 27.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.06 to 25.41. 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 28.52. 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 | 63.61 | NEUTRAL | MTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTG is above the rising 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) | 65.32 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MTG has a positive trend. |
| Stochastics (14,3) | 88.06 | OVERBOUGHT | The high Stochastics value suggests MTG may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for MTG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.51 | 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)
28.4
-0.04 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.14%
1 Week2.6%
2 Weeks3.12%
1 Month7.33%
3 Month7.94%
6 Month19.38%
12 Month14.01%
2 Year70.16%
3 Year121.53%
5 Year220.54%
10 Year206.7%
15 Year207.69%
Volatility
ATR(14)0.39
ATR(20)%1.52%
ATR Inc14.13%
Range Today0.49
ADR(20)0.41
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.61
Mansfield0.22
10 Day High28.71
10 Day Low27.47
20 Day High28.71
20 Day Low26.56
52 Week High28.71
52 Week Low21.94
CS1 End27.06
CR1 Start28.52
Volume & EV
DER(3)-1.36%
DER(5)-0.59%
Volume1.66M
Volume Incr-19.38%
Vol(5)1.48M
Vol(50)2.15M