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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.

Showing technical analysis as on 2024-09-25 View latest technical analysis

10 day averaged volume of Magic Software is 97100

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	11.77	11.71	11.78	11.61	0.421 times
24 Tue Sep 2024	11.65	11.42	11.74	11.42	0.445 times
23 Mon Sep 2024	11.27	11.40	11.46	11.21	0.511 times
20 Fri Sep 2024	11.39	11.56	11.56	11.15	1.103 times
19 Thu Sep 2024	11.54	11.32	11.56	11.16	1.587 times
18 Wed Sep 2024	11.33	11.38	11.39	11.25	0.38 times
17 Tue Sep 2024	11.29	11.64	11.64	11.20	0.691 times
16 Mon Sep 2024	11.67	11.59	11.75	11.49	0.443 times
13 Fri Sep 2024	11.50	11.40	11.67	11.40	0.596 times
12 Thu Sep 2024	11.34	10.71	11.44	10.65	0.98 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.5, but if it comes below 11.5, then a intra day sell could be more profitable.
If you take a sell trade below 11.5, then use 11.5 as stoploss and 11.07 as target. However if you take a buy trade in stock , then use 11.5 as stoploss and 12 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	9.51
Downside Target	10.24
Downside Target	10.78
Downside Target	11.15
Downside Target	11.21
Downside Target	11.67
Downside Target	11.75
Upside Target	11.78
Upside Target	11.82
Upside Target	12.99

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	11.39
Downside Intraday Target	11.02
Upside Intraday Target	11.96
Upside Intraday Target	12.16
Downside Intraday Target	11.59

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	11.77	11.40	11.78	11.21	0.328 times
20 Fri Sep 2024	11.39	11.59	11.75	11.15	0.447 times
13 Fri Sep 2024	11.50	10.39	11.67	10.24	5.123 times
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

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
25 Wed Sep 2024	11.77	10.88	11.78	10.24	1.515 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 up this month, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Magic Software in short term and BUY 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

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 11.46 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.