(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 2024-11-05 View latest technical analysis
10 day averaged volume of Magic Software is 27240
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 10.96 | 11.03 | 11.08 | 10.91 | 0.518 times |
| 04 Mon Nov 2024 | 10.99 | 11.18 | 11.19 | 10.95 | 0.606 times |
| 01 Fri Nov 2024 | 11.17 | 11.23 | 11.36 | 11.09 | 0.855 times |
| 31 Thu Oct 2024 | 11.21 | 11.46 | 11.51 | 11.21 | 1.127 times |
| 30 Wed Oct 2024 | 11.55 | 11.71 | 11.73 | 11.37 | 1.832 times |
| 29 Tue Oct 2024 | 11.20 | 11.30 | 11.30 | 11.13 | 1.817 times |
| 28 Mon Oct 2024 | 11.32 | 11.25 | 11.45 | 11.18 | 0.786 times |
| 25 Fri Oct 2024 | 11.18 | 11.01 | 11.22 | 11.01 | 0.841 times |
| 24 Thu Oct 2024 | 11.06 | 11.16 | 11.19 | 11.01 | 0.452 times |
| 23 Wed Oct 2024 | 11.15 | 11.32 | 11.32 | 11.01 | 0.422 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11, but if it comes above 11, then a intra day buy could be more profitable.
If you take a sell trade below 11, then use 11 as stoploss and 10.9 as target. However if you take a buy trade in stock , then use 11 as stoploss and 11.19 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.64 |
| Downside Target | 10.24 |
| Downside Target | 10.71 |
| Upside Target | 11.31 |
| Upside Target | 11.36 |
| Upside Target | 11.40 |
| Upside Target | 11.54 |
| Upside Target | 11.73 |
| Upside Target | 11.82 |
| Upside Target | 11.91 |
| Upside Target | 12.17 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.85 |
| Downside Intraday Target | 10.74 |
| Upside Intraday Target | 11.13 |
| Upside Intraday Target | 11.3 |
| Upside Intraday Target | 11.02 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 10.96 | 11.18 | 11.19 | 10.91 | 0.175 times |
| 01 Fri Nov 2024 | 11.17 | 11.25 | 11.73 | 11.09 | 1.748 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 |
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 |
| 05 Tue Nov 2024 | 10.96 | 11.23 | 11.36 | 10.91 | 0.097 times |
| 31 Thu Oct 2024 | 11.21 | 11.91 | 11.91 | 10.71 | 0.323 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 gaining momentum.
MACD generated a SELL signal for Magic Software in short term and the sell signal is strong.
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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 gaining momentum.
MACD generated a SELL signal for Magic Software in short term and the sell signal is strong.
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 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.