Technical Analysis for MTG - MGIC Investment Corporation
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
7.5 | 3.88% | 0.28 |
MTG closed up 3.88 percent on Friday, July 10, 2020, on 71 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Earnings due: Jul 21
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Historical MTG trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Bullish Engulfing | Bullish | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 3.88% | |
| Oversold Stochastic | Weakness | 3.88% | |
| NR7 | Range Contraction | -0.79% | |
| Lower Bollinger Band Touch | Weakness | -0.79% | |
| Oversold Stochastic | Weakness | -0.79% | |
| Stochastic Reached Oversold | Weakness | 1.76% |
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Basic chart:
- Earnings date: 07/21/2020
- Sector: Financial Services
- Industry: Insurance - Specialty
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.
Mortgage Loan Mortgage Mortgage Bank Mortgage Broker Mortgage Services Pennymac Loan Services Mortgage Insurance Foreclosure
Mortgage Loan Mortgage Mortgage Bank Mortgage Broker Mortgage Services Pennymac Loan Services Mortgage Insurance Foreclosure
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 15.24 |
| 52 Week Low | 4.34 |
| Average Volume | 6,686,748 |
| 200-Day Moving Average | 11.06 |
| 50-Day Moving Average | 7.99 |
| 20-Day Moving Average | 8.12 |
| 10-Day Moving Average | 7.73 |
| Average True Range | 0.56 |
| ADX | 16.63 |
| +DI | 15.49 |
| -DI | 27.69 |
| Chandelier Exit (Long, 3 ATRs ) | 7.78 |
| Chandelier Exit (Short, 3 ATRs ) | 8.69 |
| Upper Bollinger Band | 9.11 |
| Lower Bollinger Band | 7.12 |
| Percent B (%b) | 0.19 |
| BandWidth | 24.47 |
| MACD Line | -0.23 |
| MACD Signal Line | -0.11 |
| MACD Histogram | -0.1198 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.06 | ||||
| Resistance 3 (R3) | 8.01 | 7.79 | 7.96 | ||
| Resistance 2 (R2) | 7.79 | 7.65 | 7.81 | 7.93 | |
| Resistance 1 (R1) | 7.64 | 7.56 | 7.72 | 7.69 | 7.90 |
| Pivot Point | 7.42 | 7.42 | 7.45 | 7.44 | 7.42 |
| Support 1 (S1) | 7.27 | 7.28 | 7.35 | 7.32 | 7.10 |
| Support 2 (S2) | 7.05 | 7.19 | 7.07 | 7.07 | |
| Support 3 (S3) | 6.90 | 7.05 | 7.04 | ||
| Support 4 (S4) | 6.95 |
