MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTG - US5528481030 - Common Stock
Overall MTG gets a technical rating of 9 out of 10. 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.
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
24.95
We found 3 important support areas.
- A support zone ranging from 27.60 to 28.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.11 to 26.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.20 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @28.78 from a trend line in the daily time frame.
- A resistance zone ranging from 29.29 to 29.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for MTG is neutral. |
| ChartMill Relative Strength | 75.99 | POSITIVE | MTG has a high relative strength, it outperformed 75.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTG is below 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) | 45.27 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MTG has a negative trend. |
| Stochastics (14,3) | 31.59 | NEUTRAL | The Stochastics value for MTG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for MTG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.08 | NEUTRAL | The ADX value for MTG suggests a possible start of a new trend. |
28.74
-0.24 (-0.83%)
MGIC INVESTMENT CORP / MTG FAQ
Can you provide the ChartMill technical rating for MGIC INVESTMENT CORP?
ChartMill assigns a technical rating of 9 / 10 to MTG.
Can you provide the trend direction for MGIC INVESTMENT CORP?
The current trend direction for MGIC INVESTMENT CORP (MTG) is Bullish.
Can you provide the RSI signal for MGIC INVESTMENT CORP?
MGIC INVESTMENT CORP (MTG) has an RSI value of 45.2738. This indicates that the stock is currently neutral.
What is the short term momentum for MTG stock?
The short term momentum for MGIC INVESTMENT CORP (MTG) is neutral.
What is the support and resistance level for MTG stock?
MGIC INVESTMENT CORP (MTG) has a support level at 28.57 and a resistance level at 28.78. Check the full technical report for our detailed analysis of MTG support and resistance levels.