Technical Analysis for MTG - MGIC Investment Corporation
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Cup with Handle | Other | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.32% | |
| Cup with Handle | Other | 0.32% | |
| Gapped Up | Strength | 0.32% | |
| 20 DMA Support | Bullish | 1.89% | |
| Pocket Pivot | Bullish Swing Setup | 1.89% | |
| Cup with Handle | Other | 1.89% | |
| Outside Day | Range Expansion | 1.89% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 10 hours ago |
| Rose Above Upper Bollinger Band | about 10 hours ago |
| Up 1% | about 10 hours ago |
| Rose Above Previous Day's High | about 10 hours ago |
| Upper Bollinger Band Resistance | about 10 hours ago |
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- Earnings date: 07/31/2024
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 Commercial Bank Mortgage Insurance Coverage Mortgage Bank Mortgage Broker Loan Origination Mortgage Services Mortgage Insurance Foreclosure Lead Generation Insurance Arrangement
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 22.3082 |
| 52 Week Low | 14.8237 |
| Average Volume | 1,696,124 |
| 200-Day Moving Average | 19.16 |
| 50-Day Moving Average | 20.83 |
| 20-Day Moving Average | 21.14 |
| 10-Day Moving Average | 21.32 |
| Average True Range | 0.40 |
| RSI (14) | 58.33 |
| ADX | 13.86 |
| +DI | 30.48 |
| -DI | 19.47 |
| Chandelier Exit (Long, 3 ATRs) | 20.67 |
| Chandelier Exit (Short, 3 ATRs) | 21.56 |
| Upper Bollinger Bands | 21.81 |
| Lower Bollinger Band | 20.47 |
| Percent B (%b) | 0.86 |
| BandWidth | 6.33 |
| MACD Line | 0.19 |
| MACD Signal Line | 0.14 |
| MACD Histogram | 0.0453 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 22.18 | ||||
| Resistance 3 (R3) | 22.18 | 21.99 | 22.09 | ||
| Resistance 2 (R2) | 21.99 | 21.84 | 21.99 | 22.06 | |
| Resistance 1 (R1) | 21.80 | 21.75 | 21.71 | 21.81 | 22.03 |
| Pivot Point | 21.61 | 21.61 | 21.56 | 21.61 | 21.61 |
| Support 1 (S1) | 21.43 | 21.47 | 21.33 | 21.43 | 21.21 |
| Support 2 (S2) | 21.24 | 21.38 | 21.24 | 21.18 | |
| Support 3 (S3) | 21.05 | 21.24 | 21.15 | ||
| Support 4 (S4) | 21.06 |
