Stock Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
MGIC INVESTMENT (NYSE:MTG)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MTG
The long term trend has been DOWN since Mar 1st, 2018 at 13.6150
The intermediate term trend has been DOWN since Mar 12th, 2018 at 13.4850
The short term trend has been UP since Mar 22nd, 2018 at 12.6499
Smart Scan Analysis for MTG
Based on a pre-defined weighted trend formula for chart analysis, MTG scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||16.21||Year High Date||2018-01-18|
|Year Low||12.01||Year Low Date||2018-03-19|
|52wk High||16.21||52wk High Date||2018-01-18|
|52wk Low||9.68||52wk Low Date||2017-03-27|
|Year End Close||2.66||Average Volume||4,689,882|
|Shares Outstanding||202,032||Short Interest||29,959,904|