A look at MTG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 66.35 point. Its trading volume has lost -1047178 shares compared to readings over the past three months as it recently exchanged 1412822 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2460000 shares, and this is 0.57 times the normal volume.
MGIC Investment Corporation (NYSE:MTG) climbed by 28.7% over the past three months which led to its overall six-month increase to stand at 5.54%. The equity price rose 5.38% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 8.76% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 7.01% and is now up by 32.89% since start of this year.
The shares of MGIC Investment Corporation advanced by 0.36% or -$-0.05 from its last recorded high of $13.85 which it attained on May 04 to close at $13.9 per share. Over the past 52 weeks, the shares of MGIC Investment Corporation has been trading as low as $9.41 before witnessing a massive surge by 47.72% or $4.49. This price movement has led to the MTG stock receiving more attention and has become one to watch out for. It jumped by 0.36% on Sunday and this got the market excited. The stock’s beta now stands at 1.8 and when compared to its 200-day moving average and its 50-day moving average, MTG price stands 14.33% above and 7.38% above respectively. Its average daily volatility for this week is 1.57% which is less than the 2.11% recorded over the past month.
Experts from research firms are bullish about the near-term performance of MGIC Investment Corporation (MTG) with most of them predicting a $15.85 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.03% rise in the stock and would lead to MTG’s market cap to surge to $5.62B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 12 analysts that track MGIC Investment Corporation (NYSE:MTG) and find out that 2 of them rated it as a Hold. 9 of the 10 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
The price of Conagra Brands, Inc. (NYSE:CAG) currently stands at $28.29 after it went up by $0.5 or 1.8% and has found a strong support at $27.94 a share. If the CAG price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $27.59 mark would also be bad for the stock as it means that the stock would plunge by 2.47% from its current position. However, if the stock price is able to trade above the resistance point around $28.47, then it could likely surge higher to try and break the upward resistance which stands at $28.65 a share. Its average daily volatility over the past one month stands at 2.51%. The stock has plunged by 1.84% from its 52-weeks high of $27.77 which it reached on Jun. 21, 2018. In general, it is 28.53% above its 52-weeks lowest point which stands at $20.22 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Conagra Brands, Inc. (CAG) for 1 year and it stands at an average $30.83/share. This means that it would likely increase by 8.98% from its current position. The current price of the stock has been moving between $27.77 and $28.3. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $23. On the other hand, one analyst is super bullish about the price, setting a target as high as $38.
The CAG stock Stochastic Oscillator (%D) is at 88.16%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.55 which compares to the 1.76 recorded by the industry or the 5.75 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.04, which is lower than the 19.51 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -3.4% over the past five years.
Analysts view Conagra Brands, Inc. (NYSE:CAG) as a Buy, with 2 consensus rating. Reuters surveyed 12 analysts that follow CAG and found that 1 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Conagra Brands, Inc. (CAG) shares or sell it if they already own it.
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