MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
NYSE:MTG - New York Stock Exchange, Inc. - US5528481030 - Common Stock - Currency: USD
We assign a technical rating of 3 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.
In the last month MTG has a been trading in the 25.14 - 28.67 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MTG has an average volume of 2039110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, MTG turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
MTG is part of the Financial Services industry. There are 100 other stocks in this industry, MTG did better than 61% of them.
MTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTG is lagging the market.
The technical rating of MTG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.21
28.81
We found 3 important support areas.
- Support @24.30 from a trend line in the weekly time frame.
- A support zone ranging from 22.89 to 22.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.43 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 | NEUTRAL | NEUTRAL | The long term trend for MTG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTG is down. |
| ChartMill Relative Strength | 54.68 | NEUTRAL | MTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MTG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MTG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.9 | NEUTRAL | The RSI value for MTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests MTG has a negative trend. |
| Stochastics (14,3) | 3.79 | OVERSOLD | The low Stochastics value suggests MTG may be oversold. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MTG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.54 | 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)
25.26
-0.61 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-2.36%
1 Week-11.43%
2 Weeks-8.48%
1 Month-4.82%
3 Month5.51%
6 Month10.35%
12 Month12.72%
2 Year50.9%
3 Year78.64%
5 Year205.44%
10 Year128.18%
15 Year194.06%
Volatility
ATR(14)0.61
ATR(20)%2.38%
ATR Inc35.11%
Range Today0.65
ADR(20)0.57
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.68
Mansfield-0.64
10 Day High28.67
10 Day Low25.14
20 Day High28.67
20 Day Low25.14
52 Week High28.67
52 Week Low21.94
CS1 End24.3
CR1 Start28.52
Volume & EV
DER(3)1.18%
DER(5)1.27%
Volume3.98M
Volume Incr32.14%
Vol(5)3.06M
Vol(50)2.04M