Technical Analysis for MTG - MGIC Investment Corporation
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Multiple of Ten Bullish | Other | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| Doji - Bearish? | Reversal | 1.65% | |
| Multiple of Ten Bearish | Other | 1.65% | |
| Gapped Up | Strength | 1.65% | |
| Up 3 Days in a Row | Strength | 1.65% | |
| Oversold Stochastic | Weakness | 1.65% | |
| Oversold Stochastic | Weakness | 2.37% |
| Alert | Time |
|---|---|
| Up 1 ATR | about 7 hours ago |
| Up 2% | about 8 hours ago |
| Rose Above 50 DMA | about 9 hours ago |
| 50 DMA Resistance | about 9 hours ago |
| 60 Minute Opening Range Breakout | about 11 hours ago |
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- Earnings date: 05/01/2024
MGIC Investment Corporation Description
MGIC Investment Corporation, through its subsidiaries, provides mortgage insurance to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance coverage that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage; and bulk transactions, in which the individual loans in the insured portfolio are insured to specified levels of coverage. It also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. In addition, the company provides contract underwriting and related services; and various mortgage services, such as loan origination and portfolio analytics, mortgage lead generation, and secondary marketing of mortgages. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
Classification
Sector: Financial Services
Industry: Insurance - Specialty
Keywords: Mortgage Loan Commercial Bank Mortgage Insurance Coverage Mortgage Broker Mortgage Bank Loan Origination Mortgage Services Mortgage Insurance Foreclosure Lead Generation Insurance Arrangement
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 22.43 |
| 52 Week Low | 13.6102 |
| Average Volume | 2,153,588 |
| 200-Day Moving Average | 18.29 |
| 50-Day Moving Average | 20.32 |
| 20-Day Moving Average | 20.59 |
| 10-Day Moving Average | 19.76 |
| Average True Range | 0.41 |
| RSI (14) | 49.49 |
| ADX | 33.55 |
| +DI | 23.44 |
| -DI | 27.98 |
| Chandelier Exit (Long, 3 ATRs) | 21.19 |
| Chandelier Exit (Short, 3 ATRs) | 20.50 |
| Upper Bollinger Bands | 22.54 |
| Lower Bollinger Band | 18.65 |
| Percent B (%b) | 0.42 |
| BandWidth | 18.87 |
| MACD Line | -0.26 |
| MACD Signal Line | -0.18 |
| MACD Histogram | -0.0769 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 21.01 | ||||
| Resistance 3 (R3) | 20.96 | 20.67 | 20.89 | ||
| Resistance 2 (R2) | 20.67 | 20.49 | 20.70 | 20.85 | |
| Resistance 1 (R1) | 20.49 | 20.38 | 20.58 | 20.54 | 20.81 |
| Pivot Point | 20.20 | 20.20 | 20.25 | 20.22 | 20.20 |
| Support 1 (S1) | 20.01 | 20.02 | 20.11 | 20.06 | 19.79 |
| Support 2 (S2) | 19.72 | 19.90 | 19.75 | 19.75 | |
| Support 3 (S3) | 19.54 | 19.72 | 19.71 | ||
| Support 4 (S4) | 19.59 |
