Technical Analysis for MTG - MGIC Investment Corporation
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
13.77 | -0.36% | -0.05 |
MTG closed down 0.36 percent on Friday, October 20, 2017, on 86 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| See historical MTG trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Oct 20 | New 52 Week High | Other | 0.00% |
| Oct 20 | Upper Bollinger Band Walk | Other | 0.00% |
| Oct 19 | New 52 Week High | Other | -0.36% |
| Oct 19 | New 52 Week Closing High | Bullish | -0.36% |
| Oct 19 | Upper Bollinger Band Walk | Other | -0.36% |
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- Earnings date: 2017-10-18
- Sector: Financials
- Industry: Property Insurance
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.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more MTG news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 13.83 |
| 52 Week Low | 7.94 |
| Average Volume | 2,565,357 |
| 200-Day Moving Average | 11.1202 |
| 50-Day Moving Average | 11.9795 |
| 20-Day Moving Average | 12.6983 |
| 10-Day Moving Average | 13.015 |
| Average True Range | 0.2889 |
| ADX | 38.09 |
| +DI | 41.09 |
| -DI | 7.67 |
| Chandelier Exit (Long, 3 ATRs ) | 13.1533 |
| Chandelier Exit (Short, 3 ATRs ) | 12.6067 |
| Upper Bollinger Band | 13.7235 |
| Lower Bollinger Band | 11.6731 |
| Percent B (%b) | 1.02 |
| BandWidth | 16.147043 |
| MACD Line | 0.4568 |
| MACD Signal Line | 0.3452 |
| MACD Histogram | 0.1116 |
| Fundamentals | Value |
|---|---|
| Market Cap | 5.1 Billion |
| Num Shares | 370 Million |
| EPS | 0.97 |
| Price-to-Earnings (P/E) Ratio | 14.20 |
| Price-to-Sales | 4.38 |
| Price-to-Book | 1.56 |
| PEG Ratio | 1.45 |
| Dividend | 0.00 |
| Dividend Yield | 0.00% |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.22 | ||||
| Resistance 3 (R3) | 14.25 | 14.14 | 14.15 | ||
| Resistance 2 (R2) | 14.14 | 14.02 | 14.12 | 14.12 | |
| Resistance 1 (R1) | 13.95 | 13.95 | 13.90 | 13.92 | 14.09 |
| Pivot Point | 13.84 | 13.84 | 13.81 | 13.82 | 13.84 |
| Support 1 (S1) | 13.65 | 13.72 | 13.60 | 13.62 | 13.45 |
| Support 2 (S2) | 13.54 | 13.65 | 13.52 | 13.42 | |
| Support 3 (S3) | 13.35 | 13.54 | 13.40 | ||
| Support 4 (S4) | 13.32 |
