Technical Analysis for MTG - MGIC Investment Corporation

Grade Last Price % Change Price Change
C 13.95 -1.55% -0.22
MTG closed down 1.55 percent on Tuesday, May 11, 2021, on 1.84 times normal volume. It was able to find support at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down
Historical MTG trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Boomer Sell Setup Bearish Swing Setup -1.55%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.55%
Inside Day Range Contraction -1.55%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.13%
Pocket Pivot Bullish Swing Setup -3.13%
Older End-of-Day Signals for MTG ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakout about 13 hours ago
1.5x Volume Pace about 14 hours ago
50 DMA Support about 15 hours ago
Gapped Down (Full) about 15 hours ago
Down 2 % about 15 hours ago
View Earlier Intraday Alerts

Free Daily (Stock) Chart Reading

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 Insurance Coverage Mortgage Mortgage Broker Loan Origination Mortgage Bank Commercial Banks Mortgage Services Foreclosure Mortgage Insurance 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 15.68
52 Week Low 6.055
Average Volume 2,653,153
200-Day Moving Average 11.61
50-Day Moving Average 13.83
20-Day Moving Average 14.70
10-Day Moving Average 14.86
Average True Range 0.42
ADX 31.92
+DI 16.50
-DI 31.53
Chandelier Exit (Long, 3 ATRs ) 14.42
Chandelier Exit (Short, 3 ATRs ) 15.04
Upper Bollinger Band 15.75
Lower Bollinger Band 13.65
Percent B (%b) 0.14
BandWidth 14.27
MACD Line 0.16
MACD Signal Line 0.34
MACD Histogram -0.1846
Fundamentals Value
Market Cap 4.72 Billion
Num Shares 339 Million
EPS 1.35
Price-to-Earnings (P/E) Ratio 10.33
Price-to-Sales 3.67
Price-to-Book 0.92
PEG Ratio 1.54
Dividend 0.24
Dividend Yield 1.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.48
Resistance 3 (R3) 14.49 14.31 14.39
Resistance 2 (R2) 14.31 14.17 14.31 14.36
Resistance 1 (R1) 14.13 14.09 14.22 14.13 14.33
Pivot Point 13.96 13.96 14.00 13.95 13.96
Support 1 (S1) 13.78 13.82 13.87 13.77 13.57
Support 2 (S2) 13.60 13.74 13.60 13.54
Support 3 (S3) 13.42 13.60 13.51
Support 4 (S4) 13.42