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.
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.
22.21
2 important support areas can be observed.
When analyzing the resistance we notice one important area.
24.71
+0.56 (+2.32%)