MGIC INVESTMENT CORP (MTG) Stock Technical Analysis
NYSE:MTG - New York Stock Exchange, Inc. - US5528481030 - Common Stock - Currency: USD
Taking everything into account, MTG scores 3 out of 10 in our technical rating. 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.
In the last month MTG has a been trading in the 23.94 - 26.07 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that MTG is one of the better performing stocks in the market, outperforming 74% of all stocks.
MTG is one of the better performing stocks in the Financial Services industry, it outperforms 72% of 101 stocks in the same industry.
MTG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTG is lagging the market slightly.
MTG has an average volume of 1687910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
MTG has a poor technical rating and the quality of the setup is also 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
26.65
We found 2 important support areas.
- A support zone ranging from 23.36 to 23.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.40 to 24.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.26 to 26.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.54
Mansfield-0.4
10 Day High25.47
10 Day Low23.94
20 Day High26.07
20 Day Low23.94
52 Week High26.56
52 Week Low19.15
Performance
1 Week-2.28%
2 Weeks-5.85%
1 Month-3.31%
3 Month-6%
6 Month-3.42%
12 Month24.26%
2 Year74.2%
3 Year57.91%
5 Year99.25%
10 Year162.54%
15 Year212.92%
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)39.46
LBB23.86
UBB25.82
23.97
-0.45 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.84%
1 Week-2.28%
2 Weeks-5.85%
1 Month-3.31%
3 Month-6%
6 Month-3.42%
12 Month24.26%
2 Year74.2%
3 Year57.91%
5 Year99.25%
10 Year162.54%
15 Year212.92%
Volatility
ATR(14)0.52
ATR(20)%2.14%
ATR Inc-0.27%
Range Today0.79
ADR(20)0.49
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.54
Mansfield-0.4
10 Day High25.47
10 Day Low23.94
20 Day High26.07
20 Day Low23.94
52 Week High26.56
52 Week Low19.15
CS1 End23.59
CR1 Start24.4
Volume & EV
DER(3)-4.63%
DER(5)-2.17%
Volume1.84M
Volume Incr15.94%
Vol(5)1.88M
Vol(50)1.69M