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(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 43540

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	12.77	13.13	13.13	12.77	0.51 times
19 Wed Feb 2025	13.30	13.16	13.38	13.16	0.861 times
18 Tue Feb 2025	13.20	13.13	13.22	13.04	1.091 times
14 Fri Feb 2025	12.79	12.78	12.93	12.75	0.74 times
13 Thu Feb 2025	12.81	12.90	13.08	12.69	1.353 times
12 Wed Feb 2025	12.85	12.96	12.96	12.80	0.459 times
11 Tue Feb 2025	13.09	12.98	13.35	12.98	0.769 times
10 Mon Feb 2025	13.05	13.08	13.16	13.03	0.648 times
07 Fri Feb 2025	12.95	13.05	13.16	12.94	1.259 times
06 Thu Feb 2025	13.16	13.30	13.38	13.15	0.643 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 12.7 as stoploss in an intra day buy trade for a target of 12.9. However, stock will show a bearish move below 12.7.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.42
Downside Target	10.71
Downside Target	11.36
Downside Target	11.91
Downside Target	12.39
Upside Target	13.03
Upside Target	13.19
Upside Target	13.35
Upside Target	13.38
Upside Target	13.46

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	12.57
Downside Intraday Target	12.36
Upside Intraday Target	13.18
Upside Intraday Target	13.58
Upside Intraday Target	12.97

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	12.77	13.13	13.38	12.77	0.62 times
14 Fri Feb 2025	12.79	13.08	13.35	12.69	0.691 times
07 Fri Feb 2025	12.95	12.58	13.46	12.43	1.19 times
31 Fri Jan 2025	12.68	12.77	13.19	12.39	1.107 times
24 Fri Jan 2025	12.85	12.75	13.03	12.62	4.034 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
20 Thu Feb 2025	12.77	12.58	13.46	12.43	0.56 times
31 Fri Jan 2025	12.68	12.03	13.19	11.36	1.388 times
31 Tue Dec 2024	12.03	12.80	12.97	11.51	1.041 times
26 Tue Nov 2024	11.24	11.23	11.64	10.42	1.179 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 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 to mid 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 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 losing momentum.

MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.

Magic Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 positive zone. This is a BUY 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 13 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.