(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 2024-08-22 View latest technical analysis
10 day averaged volume of Magic Software is 38760
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 10.55 | 10.64 | 10.64 | 10.51 | 0.882 times |
| 21 Wed Aug 2024 | 10.66 | 10.59 | 10.76 | 10.57 | 0.72 times |
| 20 Tue Aug 2024 | 10.81 | 10.55 | 10.89 | 10.55 | 1.316 times |
| 19 Mon Aug 2024 | 10.54 | 10.48 | 10.54 | 10.43 | 0.715 times |
| 16 Fri Aug 2024 | 10.41 | 10.43 | 10.47 | 10.36 | 1.117 times |
| 15 Thu Aug 2024 | 10.45 | 10.39 | 10.49 | 10.34 | 1.378 times |
| 14 Wed Aug 2024 | 10.22 | 10.33 | 10.34 | 10.08 | 1.086 times |
| 13 Tue Aug 2024 | 10.33 | 10.17 | 10.37 | 10.15 | 1.045 times |
| 12 Mon Aug 2024 | 10.04 | 10.25 | 10.28 | 10.01 | 0.653 times |
| 09 Fri Aug 2024 | 10.31 | 10.30 | 10.36 | 10.26 | 0.81 times |
My analysis of stock is bullish for shortterm, and stock might move up till 10.9 or till 11.4. Use a stoploss of 10.49 and if this stock hits its stoploss, then it can fall down till 10.06
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 10.01 |
| Downside Target | 10.36 |
| Upside Target | 10.84 |
| Upside Target | 10.89 |
| Upside Target | 11.19 |
| Upside Target | 11.32 |
| Upside Target | 11.82 |
| Upside Target | 12.27 |
| Upside Target | 12.99 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.36 |
| Downside Intraday Target | 10.16 |
| Upside Intraday Target | 10.82 |
| Upside Intraday Target | 11.08 |
| Upside Intraday Target | 10.62 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 10.55 | 10.48 | 10.89 | 10.43 | 0.688 times |
| 16 Fri Aug 2024 | 10.41 | 10.25 | 10.49 | 10.01 | 0.656 times |
| 09 Fri Aug 2024 | 10.31 | 9.92 | 10.44 | 9.64 | 1.14 times |
| 02 Fri Aug 2024 | 10.57 | 11.32 | 11.32 | 10.48 | 1.476 times |
| 26 Fri Jul 2024 | 11.68 | 11.19 | 11.82 | 11.19 | 0.717 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 |
| 22 Thu Aug 2024 | 10.55 | 10.69 | 10.89 | 9.64 | 0.708 times |
| 31 Wed Jul 2024 | 10.78 | 9.80 | 11.82 | 9.80 | 1.111 times |
| 28 Fri Jun 2024 | 9.63 | 10.73 | 10.84 | 9.51 | 0.87 times |
| 31 Fri May 2024 | 10.63 | 11.77 | 12.99 | 10.36 | 0.822 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 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 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 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 BUY signal for Magic Software in short term but the buy 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 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 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
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 10.45 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 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 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 BUY signal for Magic Software in short term but the buy 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 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 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
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 10.45 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.