MGIC Investment Technical Analysis (NYSE:MTG)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the MGIC Investment stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MTG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for MGIC Investment. Technical analysis uses an approach for MGIC Investment stock analysis that does not care for the fair value of a company but uses price and volume data only.
MGIC Investment Moving Average
Moving averages show the MTG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.18 is below the price of $12.41.
MGIC Investment Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like MGIC Investment. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $12.41 is in the upper range of MGIC Investment bollinger bands.
MGIC Investment Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The MGIC Investment MACD indicator can be used to identify bullish and bearish trends for the stock.
MGIC Investment Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 78.84 is the RSI value of MTG stock.