RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MTG
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Stronger technical forecast for MGIC Investment Corporation stock price after Tuesday trading.
(Updated on Jul 02, 2024)

Buy or Hold candidate since Jun 28, 2024 Gain 1.44% PDF

The MGIC Investment Corporation stock price gained 1.11% on the last trading day (Tuesday, 2nd Jul 2024), rising from $21.62 to $21.86. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.69% from a day low at $21.56 to a day high of $21.93. The price has risen in 8 of the last 10 days and is up by 4.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $25.42 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.74% during the next 3 months and, with a 90% probability hold a price between $21.60 and $24.24 at the end of this 3-month period.

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MTG Signals & Forecast

Mostly positive signals in the chart today. The MGIC Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.50 and $21.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 12.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for MGIC Investment Corporation stock

MGIC Investment Corporation finds support from accumulated volume at $21.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.365 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.50%.

Our recommended stop-loss: $21.06 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)

Trading Expectations (MTG) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect MGIC Investment Corporation to open at $21.78, and during the day (based on 14 day Average True Range), to move between $21.46 and $22.26, which gives a possible trading interval of +/-$0.400 (+/-1.83%) up or down from last closing price. If MGIC Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $21.18, some $0.680 (3.11%) from the current price of $21.86, our system finds the risk reward attractive.

Is MGIC Investment Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MGIC Investment Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.859 Buy Candidate Upgraded

Predicted Opening Price for MGIC Investment Corporation of Wednesday, July 3, 2024

Fair opening price July 3, 2024 Current price
$21.78 ( 0.358%) $21.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MTG

Fibonacci Support & Resistance Levels

Level Price
R3 22.15 1.31%
R2 22.01 0.674%
R1 21.92 0.279%
Price 21.86
S1 21.64 -1.00%
S2 21.56 -1.39%
S3 21.42 -2.03%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 21.86
S1 21.18 -3.11%
S2 20.55 -5.99%
S3 20.51 -6.18%

MTG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 May 08, 2024 May 21, 2024 $0.115 0.549%
2 Jan 23, 2024 Feb 14, 2024 Mar 05, 2024 $0.115 0.581%
3 Oct 26, 2023 Nov 08, 2023 Nov 28, 2023 $0.120 0.689%
4 Jul 27, 2023 Aug 09, 2023 Aug 24, 2023 $0.115 0.670%
5 Apr 27, 2023 May 10, 2023 Aug 24, 2023 $0.100 0.582%

FAQ

What is the symbol for MGIC Investment Corporation Stock and on which exchange is it traded?
The symbol for MGIC Investment Corporation is MTG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MGIC Investment Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MGIC Investment Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy MGIC Investment Corporation Stock?
MGIC Investment Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MGIC Investment Corporation Stock.

What's the current price of MGIC Investment Corporation Stock?
As of the end of day on the Jul 02, 2024, the price of an MGIC Investment Corporation (MTG) share was $21.86.

What is the 52-week high and low for MGIC Investment Corporation Stock?
The 52-week high for MGIC Investment Corporation Stock is $22.43 and the 52-week low is $15.19.

What is the market capitalization of MGIC Investment Corporation Stock?
As of the Jul 02, 2024, the market capitalization of MGIC Investment Corporation is 5.764B.

When is the next earnings date for MGIC Investment Corporation?
The upcoming earnings date for MGIC Investment Corporation is Aug 07, 2024.
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About MGIC Investment Corporation

MGIC Investment MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses asso... MTG Profile

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