(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 2024-10-29 View latest technical analysis
10 day averaged volume of Magic Software is 19540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 11.20 | 11.30 | 11.30 | 11.13 | 2.533 times |
| 28 Mon Oct 2024 | 11.32 | 11.25 | 11.45 | 11.18 | 1.095 times |
| 25 Fri Oct 2024 | 11.18 | 11.01 | 11.22 | 11.01 | 1.172 times |
| 24 Thu Oct 2024 | 11.06 | 11.16 | 11.19 | 11.01 | 0.629 times |
| 23 Wed Oct 2024 | 11.15 | 11.32 | 11.32 | 11.01 | 0.589 times |
| 22 Tue Oct 2024 | 11.32 | 11.47 | 11.51 | 11.23 | 1.76 times |
| 21 Mon Oct 2024 | 11.49 | 11.35 | 11.54 | 11.34 | 0.967 times |
| 18 Fri Oct 2024 | 11.19 | 11.15 | 11.31 | 11.15 | 0.809 times |
| 17 Thu Oct 2024 | 11.16 | 11.25 | 11.25 | 11.10 | 0.696 times |
| 16 Wed Oct 2024 | 11.22 | 11.13 | 11.26 | 11.12 | 1.29 times |
Stock of Magic Software (MGIC) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, and stock might move down till 11.1 or till 10.9. Use a stoploss of 11.26 and if the stock hits stoploss, then it can shoot up till 11.42
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 10.24 |
| Downside Target | 10.71 |
| Upside 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 | 11.07 |
| Downside Intraday Target | 10.94 |
| Upside Intraday Target | 11.39 |
| Upside Intraday Target | 11.58 |
| Upside Intraday Target | 11.26 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 11.20 | 11.25 | 11.45 | 11.13 | 0.709 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 |
| 29 Tue Oct 2024 | 11.20 | 11.91 | 11.91 | 10.71 | 0.276 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 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 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 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 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 losing momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
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 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 and the buying is gaining 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 11.24 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 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 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 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 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 losing momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
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 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 and the buying is gaining 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 11.24 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.