(MGIC) Magic Software complete technical analysis [charts+indicators] | Buy/Sell Magic Software | (MGIC) share price targets
Complete technical analysis of Magic Software (MGIC) by charts plus indicators, forecast predictions and share price targets for Magic Software (MGIC)
Magic Software trades in USA in Technology sector.
10 day averaged volume of Magic Software is 54540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 11.81 | 11.84 | 11.86 | 11.71 | 1.036 times |
| 29 Mon Apr 2024 | 11.91 | 11.75 | 11.93 | 11.70 | 0.823 times |
| 26 Fri Apr 2024 | 11.64 | 11.67 | 11.79 | 11.63 | 0.587 times |
| 25 Thu Apr 2024 | 11.58 | 11.61 | 11.69 | 11.50 | 0.928 times |
| 24 Wed Apr 2024 | 11.61 | 11.82 | 11.82 | 11.55 | 0.543 times |
| 23 Tue Apr 2024 | 11.75 | 11.67 | 11.79 | 11.60 | 0.979 times |
| 22 Mon Apr 2024 | 11.59 | 11.60 | 11.71 | 11.53 | 0.889 times |
| 19 Fri Apr 2024 | 11.55 | 11.35 | 11.55 | 11.35 | 0.814 times |
| 18 Thu Apr 2024 | 11.45 | 11.61 | 11.62 | 11.32 | 1.085 times |
| 17 Wed Apr 2024 | 11.62 | 11.61 | 11.71 | 11.39 | 1.432 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 11.9 as stoploss in an intra day sell trade for a target of 11.68. However, stock will show a bullish move above 11.9.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.00 |
| Downside Target | 9.38 |
| Downside Target | 9.94 |
| Downside Target | 10.42 |
| Downside Target | 10.86 |
| Downside Target | 11.32 |
| Upside Target | 11.82 |
| Upside Target | 11.93 |
| Upside Target | 11.94 |
| Upside Target | 12.02 |
| Upside Target | 12.27 |
| Upside Target | 12.55 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.7 |
| Downside Intraday Target | 11.58 |
| Upside Intraday Target | 11.93 |
| Upside Intraday Target | 12.04 |
| Upside Intraday Target | 11.81 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 11.81 | 11.75 | 11.93 | 11.70 | 0.474 times |
| 26 Fri Apr 2024 | 11.64 | 11.60 | 11.82 | 11.50 | 0.627 times |
| 19 Fri Apr 2024 | 11.55 | 11.91 | 11.94 | 11.32 | 1.067 times |
| 12 Fri Apr 2024 | 11.74 | 11.60 | 12.27 | 11.52 | 0.905 times |
| 05 Fri Apr 2024 | 11.33 | 11.85 | 12.02 | 11.33 | 1.286 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Magic Software (MGIC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 11.81 | 11.85 | 12.27 | 11.32 | 0.889 times |
| 28 Thu Mar 2024 | 11.45 | 11.21 | 12.55 | 10.42 | 1.655 times |
| 29 Thu Feb 2024 | 11.17 | 10.05 | 11.34 | 9.94 | 0.597 times |
| 31 Wed Jan 2024 | 9.99 | 9.64 | 10.86 | 9.38 | 1.109 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Magic Software (MGIC)
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magic Software stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Magic Software is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 11.65 and Magic Software (MGIC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Magic Software (MGIC) stock. Volume based technical analysis of Magic Software (MGIC) stock is negative.
Magic Software Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Magic Software stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Magic Software is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 11.65 and Magic Software (MGIC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Magic Software (MGIC) stock. Volume based technical analysis of Magic Software (MGIC) stock is negative.
Magic Software Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.