Technical Analysis for MTG - MGIC Investment Corporation

Grade Last Price % Change Price Change
B 20.60 -1.86% -0.39
MTG closed down 1.86 percent on Monday, March 18, 2024, on 1.19 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Overbought Stochastic Strength 0.00%
Slingshot Bullish Bullish Swing Setup -1.86%
Volume Surge Other -1.86%
Calm After Storm Range Contraction -1.86%
Upper Bollinger Band Walk Strength -1.86%
Overbought Stochastic Strength -1.86%
Gapped Down Weakness -1.86%
New 52 Week Closing High Bullish -1.90%
Pocket Pivot Bullish Swing Setup -1.90%
Calm After Storm Range Contraction -1.90%

   Recent Intraday Alerts

Alert Time
Down 1 ATR about 14 hours ago
Fell Below Previous Day's Low about 19 hours ago
Down 1% about 19 hours ago
Gap Down Closed 4 days ago
Reversed from Down 4 days ago

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Profile

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

Is MTG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 21.21
52 Week Low 11.851
Average Volume 2,081,270
200-Day Moving Average 17.59
50-Day Moving Average 19.63
20-Day Moving Average 19.97
10-Day Moving Average 20.46
Average True Range 0.40
RSI (14) 61.83
ADX 34.78
+DI 30.75
-DI 12.51
Chandelier Exit (Long, 3 ATRs) 20.00
Chandelier Exit (Short, 3 ATRs) 20.19
Upper Bollinger Bands 21.29
Lower Bollinger Band 18.65
Percent B (%b) 0.74
BandWidth 13.26
MACD Line 0.40
MACD Signal Line 0.30
MACD Histogram 0.1008
Fundamentals Value
Market Cap 5.58 Billion
Num Shares 271 Million
EPS 2.49
Price-to-Earnings (P/E) Ratio 8.27
Price-to-Sales 4.47
Price-to-Book 1.02
PEG Ratio 1.54
Dividend 0.43
Dividend Yield 2.09%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.31
Resistance 3 (R3) 21.38 21.22 21.19
Resistance 2 (R2) 21.22 21.04 21.18 21.15
Resistance 1 (R1) 20.91 20.93 20.83 20.84 21.11
Pivot Point 20.75 20.75 20.71 20.71 20.75
Support 1 (S1) 20.44 20.57 20.36 20.37 20.09
Support 2 (S2) 20.28 20.46 20.24 20.05
Support 3 (S3) 19.97 20.28 20.01
Support 4 (S4) 19.90