Technical Analysis for MTG - MGIC Investment Corporation

Grade Last Price % Change Price Change
grade C 13.73 0.73% 0.10
MTG closed up 0.73 percent on Friday, May 24, 2019, on 65 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.

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

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 0.73%
Gapped Down Weakness 0.73%
NR7 Range Contraction -1.36%
NR7-2 Range Contraction -1.36%
MACD Bearish Centerline Cross Bearish -1.36%

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 Broker Mortgage Bank 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: 1 bullish, 1 bearish and 3 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 2,591,678
200-Day Moving Average 12.5829
50-Day Moving Average 13.8288
20-Day Moving Average 14.121
10-Day Moving Average 13.818
Average True Range 0.2929
ADX 19.76
+DI 17.0464
-DI 23.6449
Chandelier Exit (Long, 3 ATRs ) 14.0913
Chandelier Exit (Short, 3 ATRs ) 14.4337
Upper Bollinger Band 14.8397
Lower Bollinger Band 13.4023
Percent B (%b) 0.23
BandWidth 10.179166
MACD Line -0.046
MACD Signal Line 0.0234
MACD Histogram -0.0694
Fundamentals Value
Market Cap 5.09 Billion
Num Shares 371 Million
EPS 0.97
Price-to-Earnings (P/E) Ratio 14.15
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) 13.92
Resistance 3 (R3) 13.92 13.86 13.89
Resistance 2 (R2) 13.86 13.81 13.86 13.88
Resistance 1 (R1) 13.79 13.78 13.83 13.79 13.87
Pivot Point 13.73 13.73 13.75 13.73 13.73
Support 1 (S1) 13.67 13.68 13.70 13.67 13.59
Support 2 (S2) 13.61 13.65 13.61 13.58
Support 3 (S3) 13.54 13.61 13.57
Support 4 (S4) 13.54