Technical Analysis for MTG - MGIC Investment Corporation

Grade Last Price % Change Price Change
grade F 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 ***

Trend Table & Recent Signals

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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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.
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

Indicators

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
Fundamentals Value
Market Cap 2.78 Billion
Num Shares 371 Million
EPS 0.97
Price-to-Earnings (P/E) Ratio 7.73
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) 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