pool adsMgic Investment $MTG Trading Report
The Mgic Investment (NYSE: MTG) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for MTG, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Weak |
| P1 | 0 | 0 | 4.95 |
| P2 | 6.88 | 6.87 | 8.10 |
| P3 | 7.29 | 7.51 | 10.84 |
Support and Resistance Plot Chart for MTG
Long Term Trading Plans for MTG
July 13, 2020, 9:45 am ET
The Technical Summary and Trading Plans for MTG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MTG Report.
MTG - (Long) Support Plan
The technical summary data tells us to buy MTG near 4.95 with an upside target of 8.10. This data also tells us to set a stop loss @ 4.69 to protect against excessive loss in case the stock begins to move against the trade. 4.95 is the first level of support below 7.38 , and by rule, any test of support is a buy signal. In this case, support 4.95 would be being tested, so a buy signal would exist.
MTG - (Short) Resistance Plan
The technical summary data is suggesting a short of MTG as it gets near 8.10 with a downside target of 4.95. We should have a stop loss in place at 8.36 though. 8.10 is the first level of resistance above 7.38, and by rule, any test of resistance is a short signal. In this case, if resistance 8.10 is being tested, so a short signal would exist.
