Stock Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
MGIC Investment Corp (NYSE:MTG)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Jul 26th, 2019 at 12.920
The intermediate term trend has been UP since Sep 3rd, 2019 at 12.655
The short term trend has been UP since Sep 19th, 2019 at 13.070
Smart Scan Analysis for MTG
Based on a pre-defined weighted trend formula for chart analysis, MTG scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||16.21||Year High Date||2018-01-18|
|Year Low||9.97||Year Low Date||2018-04-26|
|52wk High||14.97||52wk High Date||2019-05-01|
|52wk Low||9.41||52wk Low Date||2018-12-24|
|Year End Close||2.66||Average Volume||2,628,101|
|Shares Outstanding||355,986||Short Interest||29,959,904|
|% Institutional||83.2||Market Cap||4,887M|