Is MGIC Investment Corp. technically bullish or bearish?

As of 3 October 2025, the technical trend for MGIC Investment Corp. has changed from bullish to mildly bullish. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating mixed signals. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, and the daily moving averages are also mildly bullish. However, the Dow Theory shows a mildly bearish stance on the weekly chart, contrasting with a bullish monthly outlook.
In terms of performance, MGIC has underperformed the S&P 500 over the past week and month, with returns of -4.38% and -1.93% compared to the S&P's 1.09% and 4.15%, respectively. However, it has outperformed the index year-to-date and over the longer term, with a YTD return of 16.03% versus 14.18% for the S&P 500, and a 3-year return of 105.30% compared to 82.57%. Overall, the current technical stance is mildly bullish, driven primarily by the daily moving averages and Bollinger Bands.