(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 2024-09-06 View latest technical analysis
10 day averaged volume of Magic Software is 45361
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 10.47 | 10.77 | 10.77 | 10.45 | 1.219 times |
| 05 Thu Sep 2024 | 10.69 | 10.72 | 10.88 | 10.69 | 0.692 times |
| 04 Wed Sep 2024 | 10.67 | 10.66 | 10.80 | 10.66 | 0.41 times |
| 03 Tue Sep 2024 | 10.67 | 10.88 | 10.88 | 10.61 | 1.609 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 1.107 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 1.107 times |
| 29 Thu Aug 2024 | 10.80 | 10.82 | 10.90 | 10.77 | 0.941 times |
| 28 Wed Aug 2024 | 10.77 | 10.78 | 10.87 | 10.75 | 0.736 times |
| 27 Tue Aug 2024 | 10.73 | 10.73 | 10.80 | 10.65 | 1.87 times |
| 26 Mon Aug 2024 | 10.72 | 10.73 | 10.79 | 10.61 | 0.725 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 10.4 as stoploss in an intra day buy trade for a target of 10.6. However, stock will show a bearish move below 10.4.
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 | 10.32 |
| Downside Intraday Target | 10.17 |
| Upside Intraday Target | 10.75 |
| Upside Intraday Target | 11.03 |
| Upside Intraday Target | 10.6 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 10.47 | 10.88 | 10.88 | 10.45 | 3.551 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Magic Software (MGIC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 10.47 | 10.88 | 10.88 | 10.45 | 0.165 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 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 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 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 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 red color and prices are below 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 and selling is picking up 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 10.72 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 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 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 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 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 red color and prices are below 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 and selling is picking up 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 10.72 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.