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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 2024-10-28 View latest technical analysis

10 day averaged volume of Magic Software is 19260

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	11.32	11.25	11.45	11.18	1.111 times
25 Fri Oct 2024	11.18	11.01	11.22	11.01	1.189 times
24 Thu Oct 2024	11.06	11.16	11.19	11.01	0.639 times
23 Wed Oct 2024	11.15	11.32	11.32	11.01	0.597 times
22 Tue Oct 2024	11.32	11.47	11.51	11.23	1.786 times
21 Mon Oct 2024	11.49	11.35	11.54	11.34	0.981 times
18 Fri Oct 2024	11.19	11.15	11.31	11.15	0.82 times
17 Thu Oct 2024	11.16	11.25	11.25	11.10	0.706 times
16 Wed Oct 2024	11.22	11.13	11.26	11.12	1.308 times
15 Tue Oct 2024	11.24	11.02	11.28	11.02	1.007 times

My analysis of stock is bullish for shortterm, and stock might move up till 11.5 or till 11.7. Use a stoploss of 11.28 and if this stock hits its stoploss, then it can fall down till 11.1

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	9.51
Downside Target	10.24
Downside Target	10.71
Downside Target	11.32
Upside Target	11.40
Upside Target	11.45
Upside Target	11.54
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	11.18
Downside Intraday Target	11.05
Upside Intraday Target	11.45
Upside Intraday Target	11.59
Downside Intraday Target	11.32

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	11.32	11.25	11.45	11.18	0.214 times
25 Fri Oct 2024	11.18	11.35	11.54	11.01	1.08 times
18 Fri Oct 2024	11.19	11.24	11.31	11.02	0.859 times
11 Fri Oct 2024	11.21	11.35	11.40	10.71	0.819 times
04 Fri Oct 2024	11.48	11.90	11.98	11.32	0.68 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
28 Mon Oct 2024	11.32	11.91	11.91	10.71	0.247 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

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 11.25 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.