MGIC INVESTMENT CORP (MTG) Technical Analysis
NYSE:MTG • US5528481030
Current stock price
MTG Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to MTG. MTG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- MTG has an average volume of 2195910 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 44% of them, which is more or less in line with the market.
- MTG is part of the Financial Services industry. There are 100 other stocks in this industry, MTG did better than 63% of them.
- MTG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTG is lagging the market slightly.
- In the last month MTG has a been trading in a tight range between 25.41 and 26.69.
MTG Weekly and Daily overview Charts
MTG Setup Rating and Analysis
MTG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.47, a Stop Loss order could be placed below this zone.
More info and screens
MTG Support and Resistance Analysis
24.81
We found 2 important support areas.
- A support zone ranging from 25.66 to 26.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.06 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 27.55 to 27.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 29.79 to 29.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
MTG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MTG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTG is neutral. |
| ChartMill Relative Strength | 44.86 | 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) | DOWN | MIXED | The current price of MTG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.28 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MTG has a positive trend. |
| Stochastics (14,3) | 76.3 | NEUTRAL | The Stochastics value for MTG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MTG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for MTG suggests a strong trend. |
MTG Chart- and CandleStick Pattern Analysis
MTG Technicals: Chart, Performance Metrics, Trend & Indicators
26.52
+0.26 (+0.99%)
MGIC INVESTMENT CORP / MTG TA FAQ
Can you provide the ChartMill technical rating for MGIC INVESTMENT CORP?
ChartMill assigns a technical rating of 1 / 10 to MTG.
What is the current trend direction of MGIC INVESTMENT CORP (MTG) stock?
The current trend direction for MGIC INVESTMENT CORP (MTG) is Bearish.
What is the RSI signal for MTG stock?
MGIC INVESTMENT CORP (MTG) has an RSI value of 54.2814. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MGIC INVESTMENT CORP?
The MACD indicator for MGIC INVESTMENT CORP (MTG) has a value of 0.085162, indicating a bearish trend.
What is the short term momentum for MTG stock?
The short term momentum for MGIC INVESTMENT CORP (MTG) is neutral.