MGIC Investment (Germany) Technical Analysis

MGC Stock  EUR 23.40  0.20  0.86%   
As of the 13th of December 2024, MGIC Investment secures the mean deviation of 1.11, and Risk Adjusted Performance of 0.0586. In connection with fundamental indicators, the technical analysis model lets you check helpful technical drivers of MGIC Investment, as well as the relationship between them. Please verify MGIC Investment variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if MGIC Investment is priced fairly, providing market reflects its recent price of 23.4 per share.

MGIC Investment Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MGIC, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MGIC
  
MGIC Investment's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
MGIC Investment technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of MGIC Investment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MGIC Investment trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

MGIC Investment Technical Analysis

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The output start index for this execution was fifty-two with a total number of output elements of nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MGIC Investment volatility. High ATR values indicate high volatility, and low values indicate low volatility.

MGIC Investment Trend Analysis

Use this graph to draw trend lines for MGIC Investment. You can use it to identify possible trend reversals for MGIC Investment as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MGIC Investment price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

MGIC Investment Best Fit Change Line

The following chart estimates an ordinary least squares regression model for MGIC Investment applied against its price change over selected period. The best fit line has a slop of   0.03  , which means MGIC Investment will continue generating value for investors. It has 122 observation points and a regression sum of squares at 25.93, which is the sum of squared deviations for the predicted MGIC Investment price change compared to its average price change.

About MGIC Investment Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MGIC Investment on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MGIC Investment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MGIC Investment price pattern first instead of the macroeconomic environment surrounding MGIC Investment. By analyzing MGIC Investment's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MGIC Investment's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MGIC Investment specific price patterns or momentum indicators. Please read more on our technical analysis page.

MGIC Investment December 13, 2024 Technical Indicators

Most technical analysis of MGIC help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MGIC from various momentum indicators to cycle indicators. When you analyze MGIC charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

MGIC Investment December 13, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as MGIC stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for MGIC Stock analysis

When running MGIC Investment's price analysis, check to measure MGIC Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGIC Investment is operating at the current time. Most of MGIC Investment's value examination focuses on studying past and present price action to predict the probability of MGIC Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGIC Investment's price. Additionally, you may evaluate how the addition of MGIC Investment to your portfolios can decrease your overall portfolio volatility.
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