MTG Technical Signal Analysis
MTG have 5 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-03-03. The total price change during this trend is -8.18%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of MTG over last 5 trading day is $55,924,769.37
5 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Relative Strength Index (14 days)
RSI_14 < 30
29.48
Bullish
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
5.09
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-162.49
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-96.41
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.36
Bearish
Momentum (10 days)
MOM_10 < 0
-1.71
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.47
Bearish
Moving Average
20-day SMA crosses below 200-day SMA
--
Bearish
5 Bullish Signal
Name
Signal
Value
Meaning
Relative Strength Index (14 days)
RSI_14 < 30
29.48
Bullish
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
5.09
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-162.49
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-96.41
Bullish
MTG Support and Resistance Level
The support levels for MTG are at 22.7, 22.1, and 21.15, while the resistance levels are at 24.61, 25.21, and 26.17. With the current stock price at 23, it is leaning more toward the support levels.
MTG Technical Analysis
Technical Analysis of MTG Stock
Current Price and Volume:
- Price: $23.79 (as of 2025-03-07)
- Volume: 2,018,574
Technical Indicators:
- RSI (14): 41.61 (suggests the stock is not yet oversold)
- MACD: -0.24 (indicating a bearish signal)
- StochD (14): 21.14 (below 20, indicating oversold conditions)
- Fibonacci Pivot: $24.12 (current price is below this level)
Fibonacci Levels:
- R1: $24.74
- R2: $25.13
- S1: $23.49
- S2: $23.10
News Impact:
- Analyst Downgrade: MTG was downgraded to Neutral with a higher price target of $27, indicating mixed sentiment.
- Validea Upgrade: Peter Lynch model upgraded MTG to 74%, suggesting interest in its fundamentals.
Conclusion:
MTG is at a critical juncture. The stock is below the Fibonacci pivot and showing bearish MACD, but oversold StochD and positive fundamentals suggest a potential bounce. Given the mixed signals, the recommendation is to sell MTG stock at the current price, but monitor for potential reversal if it breaks above resistance levels.
MTG FAQs
Which bull technical signals does MTG have?
Which bearish technical signals does MTG have?
How reliable is technical analysis?
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Is MTG a buy based on overall technical signals summary?
MTG Buy or Sell
MTG has 5 buy signals and 4 sell signals now. Overall the technical rating for MTG is Neutral.
Neutral
Sell
4
Buy
5
MTG Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 23 above the SMA_5. In the short term, the stock shows a negative trend with the 23 below the SMA_20. In the mid term, the stock shows a negative trend with the 23.92 below the SMA_60. In the long term, the stock shows a positive trend with the 24.21 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about MTG's current trend?What are MTG's key support and resistance levels?