(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 2024-10-07 View latest technical analysis
10 day averaged volume of Magic Software is 32500
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Mon Oct 2024 | 11.31 | 11.35 | 11.40 | 11.28 | 0.578 times |
| 04 Fri Oct 2024 | 11.48 | 11.56 | 11.57 | 11.32 | 0.757 times |
| 03 Thu Oct 2024 | 11.44 | 11.64 | 11.68 | 11.44 | 0.603 times |
| 02 Wed Oct 2024 | 11.65 | 11.57 | 11.75 | 11.48 | 0.502 times |
| 01 Tue Oct 2024 | 11.63 | 11.91 | 11.91 | 11.52 | 1.329 times |
| 30 Mon Sep 2024 | 11.82 | 11.90 | 11.98 | 11.78 | 0.858 times |
| 27 Fri Sep 2024 | 11.88 | 11.90 | 11.99 | 11.82 | 0.471 times |
| 26 Thu Sep 2024 | 11.91 | 11.91 | 12.17 | 11.89 | 1.366 times |
| 25 Wed Sep 2024 | 11.77 | 11.71 | 11.78 | 11.61 | 1.258 times |
| 24 Tue Sep 2024 | 11.65 | 11.42 | 11.74 | 11.42 | 1.329 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11.1 or till 10.7. Use a stoploss of 11.46 and if the stock hits stoploss, then it can shoot up till 11.79
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 10.24 |
| Downside Target | 10.84 |
| Downside Target | 11.15 |
| Upside Target | 11.40 |
| Upside Target | 11.67 |
| Upside Target | 11.75 |
| Upside Target | 11.82 |
| Upside Target | 11.91 |
| Upside Target | 11.98 |
| Upside Target | 12.17 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.26 |
| Downside Intraday Target | 11.21 |
| Upside Intraday Target | 11.38 |
| Upside Intraday Target | 11.45 |
| Upside Intraday Target | 11.33 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Mon Oct 2024 | 11.31 | 11.35 | 11.40 | 11.28 | 0.143 times |
| 04 Fri Oct 2024 | 11.48 | 11.90 | 11.98 | 11.32 | 0.68 times |
| 27 Fri Sep 2024 | 11.88 | 11.40 | 12.17 | 11.21 | 0.474 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 |
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 |
| 07 Mon Oct 2024 | 11.31 | 11.91 | 11.91 | 11.28 | 0.071 times |
| 30 Mon Sep 2024 | 11.82 | 10.88 | 12.17 | 10.24 | 1.596 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 |
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 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 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 losing 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 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 11.68 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 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 losing 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 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 11.68 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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.