(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 2024-11-18 View latest technical analysis
10 day averaged volume of Magic Software is 41870
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 11.01 | 10.93 | 11.36 | 10.70 | 1.251 times |
| 15 Fri Nov 2024 | 11.42 | 11.50 | 11.51 | 11.27 | 0.881 times |
| 14 Thu Nov 2024 | 11.58 | 11.50 | 11.64 | 11.48 | 0.607 times |
| 13 Wed Nov 2024 | 11.24 | 11.35 | 11.51 | 11.24 | 0.85 times |
| 12 Tue Nov 2024 | 11.13 | 11.23 | 11.35 | 11.13 | 0.289 times |
| 11 Mon Nov 2024 | 11.40 | 11.12 | 11.41 | 11.12 | 0.666 times |
| 08 Fri Nov 2024 | 10.90 | 10.63 | 10.92 | 10.63 | 3.922 times |
| 07 Thu Nov 2024 | 10.75 | 10.81 | 10.89 | 10.42 | 1.108 times |
| 06 Wed Nov 2024 | 10.78 | 10.95 | 11.14 | 10.78 | 0.946 times |
| 05 Tue Nov 2024 | 10.96 | 11.03 | 11.08 | 10.91 | 0.337 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 10.9 as stoploss in an intra day buy trade for a target of 11.17. However, stock will show a bearish move below 10.9.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.64 |
| Downside Target | 10.24 |
| Downside Target | 10.70 |
| Upside Target | 11.36 |
| Upside Target | 11.54 |
| Upside Target | 11.64 |
| 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 | 10.69 |
| Downside Intraday Target | 10.36 |
| Upside Intraday Target | 11.35 |
| Upside Intraday Target | 11.68 |
| Upside Intraday Target | 11.02 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 11.01 | 10.93 | 11.36 | 10.70 | 0.38 times |
| 15 Fri Nov 2024 | 11.42 | 11.12 | 11.64 | 11.12 | 0.491 times |
| 08 Fri Nov 2024 | 10.90 | 11.18 | 11.19 | 10.42 | 1.606 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 |
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 |
| 18 Mon Nov 2024 | 11.01 | 11.23 | 11.64 | 10.42 | 0.89 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Magic Software stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Magic Software in short term but the buy signal is initial and weak.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 11.03 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 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Magic Software stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Magic Software in short term but the buy signal is initial and weak.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 11.03 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 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.