(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 2024-11-20 View latest technical analysis
10 day averaged volume of Magic Software is 47100
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Wed Nov 2024 | 10.92 | 10.92 | 11.17 | 10.92 | 0.65 times |
| 19 Tue Nov 2024 | 10.96 | 11.18 | 11.18 | 10.79 | 0.648 times |
| 18 Mon Nov 2024 | 11.01 | 10.93 | 11.36 | 10.70 | 1.113 times |
| 15 Fri Nov 2024 | 11.42 | 11.50 | 11.51 | 11.27 | 0.783 times |
| 14 Thu Nov 2024 | 11.58 | 11.50 | 11.64 | 11.48 | 0.539 times |
| 13 Wed Nov 2024 | 11.24 | 11.35 | 11.51 | 11.24 | 0.756 times |
| 12 Tue Nov 2024 | 11.13 | 11.23 | 11.35 | 11.13 | 0.257 times |
| 11 Mon Nov 2024 | 11.40 | 11.12 | 11.41 | 11.12 | 0.592 times |
| 08 Fri Nov 2024 | 10.90 | 10.63 | 10.92 | 10.63 | 3.486 times |
| 07 Thu Nov 2024 | 10.75 | 10.81 | 10.89 | 10.42 | 0.985 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 11.14. 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 | 10.63 |
| Downside Intraday Target | 10.33 |
| Upside Intraday Target | 11.29 |
| Upside Intraday Target | 11.65 |
| Upside Intraday Target | 10.99 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Wed Nov 2024 | 10.92 | 10.93 | 11.36 | 10.70 | 0.823 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 |
| 20 Wed Nov 2024 | 10.92 | 11.23 | 11.64 | 10.42 | 1 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 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 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 SELL signal for Magic Software in short term and the sell signal is strong.
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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.04 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 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 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 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 SELL signal for Magic Software in short term and the sell signal is strong.
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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.04 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.