(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 2024-09-03 View latest technical analysis
10 day averaged volume of Magic Software is 44375
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 10.67 | 10.88 | 10.88 | 10.61 | 1.645 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 1.131 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 1.131 times |
| 29 Thu Aug 2024 | 10.80 | 10.82 | 10.90 | 10.77 | 0.962 times |
| 28 Wed Aug 2024 | 10.77 | 10.78 | 10.87 | 10.75 | 0.753 times |
| 27 Tue Aug 2024 | 10.73 | 10.73 | 10.80 | 10.65 | 1.912 times |
| 26 Mon Aug 2024 | 10.72 | 10.73 | 10.79 | 10.61 | 0.741 times |
| 23 Fri Aug 2024 | 10.72 | 10.60 | 10.75 | 10.57 | 0.82 times |
| 22 Thu Aug 2024 | 10.55 | 10.64 | 10.64 | 10.51 | 0.771 times |
| 21 Wed Aug 2024 | 10.66 | 10.59 | 10.76 | 10.57 | 0.629 times |
My analysis of stock is bullish for shortterm, and stock might move up till 10.8 or till 11.1. Use a stoploss of 10.54 and if this stock hits its stoploss, then it can fall down till 10.28
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 10.01 |
| Downside Target | 10.36 |
| Upside Target | 10.88 |
| Upside Target | 10.89 |
| Upside Target | 10.92 |
| Upside Target | 11.82 |
| Upside Target | 12.99 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.56 |
| Downside Intraday Target | 10.45 |
| Upside Intraday Target | 10.83 |
| Upside Intraday Target | 10.99 |
| Upside Intraday Target | 10.72 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 10.67 | 10.88 | 10.88 | 10.61 | 1.454 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 0.206 times |
| 30 Fri Aug 2024 | 10.85 | 10.73 | 10.92 | 10.61 | 1.377 times |
| 23 Fri Aug 2024 | 10.72 | 10.48 | 10.89 | 10.43 | 0.866 times |
| 16 Fri Aug 2024 | 10.41 | 10.25 | 10.49 | 10.01 | 0.656 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 |
| 03 Tue Sep 2024 | 10.67 | 10.88 | 10.88 | 10.61 | 0.068 times |
| 30 Fri Aug 2024 | 10.85 | 10.69 | 10.92 | 9.64 | 1.021 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 |
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 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 and the buy signal is strong.
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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 10.74 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 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 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 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 and the buy signal is strong.
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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 10.74 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.