Technical Analysis for MTG - MGIC Investment Corporation

Grade Last Price % Change Price Change
grade B 12.95 0.39% 0.05
MTG closed up 0.39 percent on Thursday, September 19, 2019, on 89 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Flat
See historical MTG trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
20 DMA Support Bullish 0.39%
Crossed Above 200 DMA Bullish 0.39%
Crossed Above 50 DMA Bullish 0.39%
NR7 Range Contraction 0.39%
Death Cross Bearish 0.94%
Fell Below 200 DMA Bearish 0.94%

Older signals for MTG ...

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Profile
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.
United States Housing Bubble Mortgage Loan Mortgage Mortgage Bank Mortgage Broker Mortgage Services Pennymac Loan Services Mortgage Insurance Foreclosure
Is MTG a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 14.97
52 Week Low 9.41
Average Volume 3,600,350
200-Day Moving Average 12.8475
50-Day Moving Average 12.813
20-Day Moving Average 12.746
10-Day Moving Average 12.947
Average True Range 0.3089
ADX 16.57
+DI 16.9177
-DI 15.0344
Chandelier Exit (Long, 3 ATRs ) 12.3333
Chandelier Exit (Short, 3 ATRs ) 13.1467
Upper Bollinger Band 13.2665
Lower Bollinger Band 12.2255
Percent B (%b) 0.7
BandWidth 8.167268
MACD Line 0.069
MACD Signal Line 0.041
MACD Histogram 0.028
Fundamentals Value
Market Cap 4.8 Billion
Num Shares 371 Million
EPS 0.97
Price-to-Earnings (P/E) Ratio 13.35
Price-to-Sales 4.88
Price-to-Book 1.73
PEG Ratio 1.32
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.27
Resistance 3 (R3) 13.29 13.20 13.21
Resistance 2 (R2) 13.20 13.12 13.19 13.19
Resistance 1 (R1) 13.08 13.07 13.14 13.06 13.18
Pivot Point 12.99 12.99 13.03 12.98 12.99
Support 1 (S1) 12.87 12.91 12.93 12.85 12.72
Support 2 (S2) 12.78 12.86 12.77 12.71
Support 3 (S3) 12.66 12.78 12.69
Support 4 (S4) 12.64