(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.
Showing technical analysis as on 2024-04-04 View latest technical analysis
10 day averaged volume of Magic Software is 77780
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Thu Apr 2024 | 11.45 | 11.75 | 11.75 | 11.42 | 0.42 times |
| 03 Wed Apr 2024 | 11.72 | 11.82 | 11.92 | 11.67 | 1.524 times |
| 02 Tue Apr 2024 | 11.86 | 11.81 | 11.90 | 11.70 | 0.975 times |
| 01 Mon Apr 2024 | 11.88 | 11.85 | 12.02 | 11.74 | 1.188 times |
| 28 Thu Mar 2024 | 11.45 | 11.83 | 11.83 | 11.35 | 1.536 times |
| 27 Wed Mar 2024 | 11.84 | 12.00 | 12.00 | 11.78 | 0.372 times |
| 26 Tue Mar 2024 | 11.96 | 12.00 | 12.00 | 11.90 | 0.455 times |
| 25 Mon Mar 2024 | 11.90 | 12.04 | 12.10 | 11.76 | 1.175 times |
| 22 Fri Mar 2024 | 12.04 | 12.00 | 12.11 | 11.91 | 1.463 times |
| 21 Thu Mar 2024 | 12.05 | 12.49 | 12.55 | 12.03 | 0.797 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11 or till 10.4. Use a stoploss of 11.6 and if the stock hits stoploss, then it can shoot up till 12.16
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 | 11.28 |
| Upside Target | 11.87 |
| Upside Target | 12.02 |
| Upside Target | 12.10 |
| Upside Target | 12.15 |
| Upside Target | 12.55 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.24 |
| Downside Intraday Target | 11.03 |
| Upside Intraday Target | 11.84 |
| Upside Intraday Target | 12.23 |
| Upside Intraday Target | 11.63 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Thu Apr 2024 | 11.45 | 11.85 | 12.02 | 11.42 | 1.161 times |
| 28 Thu Mar 2024 | 11.45 | 12.04 | 12.10 | 11.35 | 0.871 times |
| 22 Fri Mar 2024 | 12.04 | 12.17 | 12.55 | 11.87 | 0.49 times |
| 15 Fri Mar 2024 | 11.97 | 10.42 | 12.15 | 10.42 | 3.579 times |
| 08 Fri Mar 2024 | 10.48 | 11.13 | 11.28 | 10.48 | 0.746 times |
Price has moved down 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 |
| 04 Thu Apr 2024 | 11.45 | 11.85 | 12.02 | 11.42 | 0.213 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer 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.
ADX buy sell signal for Magic Software stock for short term is SELL. 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.
Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Magic Software is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 11.81 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been positive
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer 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.
ADX buy sell signal for Magic Software stock for short term is SELL. 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.
Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Magic Software is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 11.81 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.