MTG NEWS why is Mgic Investment Corporation price falling or rising

MTG NEWS reasons for why stock price of Mgic Investment Corporation is falling or rising

MTG Mgic Investment is falling or rising technical reasons

Technical analysis forecast for Mgic Investment Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mgic Investment MTG at this time. Stock is falling and might fall more.

It appears as if Mgic Investment MTG gave a large move recently.

Stock of Mgic Investment (MTG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mgic Investment is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 23.5 as stoploss in an intra day buy trade for a target of 23.93. However, stock will show a bearish move below 23.5.

MTG Mgic Investment is falling or rising NEWS fundamental reasons

More announcements and NEWS

MTG Mgic Investment Corporation current price & indicator signals

Moving Averages for Mgic Investment Corporation

  • 5Day Average: 23.6
  • 12Day Average: 23.68
  • 20Day Average: 23.89
  • 50Day Average: 24.53
  • 100Day Average: 24.84
  • 150Day Average: 24.03
  • 200Day Average: 23.2

MTG Indicators & signals

Indicator MACD (12,26,9)

23.73, 24.05, -0.33
Indicator MACD is in negative zone

Indicator ADX (14)

33.33, 14.29, 28.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 39
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of MTG Mgic Investment Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Wed Jan 2025 23.63 23.13 to 23.63 0% 1.3 times
08 Wed Jan 2025 23.63 23.13 to 23.63 0.81% 1.3 times
07 Tue Jan 2025 23.44 23.29 to 23.71 0.04% 1.34 times
06 Mon Jan 2025 23.43 23.40 to 23.99 -1.76% 1.17 times
03 Fri Jan 2025 23.85 23.60 to 23.91 0.76% 1.08 times
02 Thu Jan 2025 23.67 23.60 to 23.95 -0.17% 1.18 times
31 Tue Dec 2024 23.71 23.66 to 23.95 0.25% 1.14 times
30 Mon Dec 2024 23.65 23.35 to 23.80 -0.17% 0.64 times
27 Fri Dec 2024 23.69 23.55 to 24.06 -1.29% 0.63 times
26 Thu Dec 2024 24.00 23.67 to 24.03 0.76% 0.97 times
24 Tue Dec 2024 23.82 23.57 to 23.90 0.59% 0.54 times
23 Mon Dec 2024 23.68 23.38 to 23.69 0.08% 0.95 times

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MTG NEWS why is Mgic Investment Corporation price falling or rising

 

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