(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 2024-11-26 View latest technical analysis
10 day averaged volume of Magic Software is 29720
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Tue Nov 2024 | 11.24 | 11.41 | 11.44 | 11.12 | 0.471 times |
| 26 Tue Nov 2024 | 11.24 | 11.41 | 11.44 | 11.12 | 0.471 times |
| 25 Mon Nov 2024 | 11.46 | 11.21 | 11.50 | 11.20 | 1.349 times |
| 22 Fri Nov 2024 | 10.99 | 11.08 | 11.08 | 10.93 | 0.444 times |
| 21 Thu Nov 2024 | 10.99 | 10.96 | 11.12 | 10.83 | 0.622 times |
| 20 Wed Nov 2024 | 10.92 | 10.92 | 11.17 | 10.92 | 1.03 times |
| 19 Tue Nov 2024 | 10.96 | 11.18 | 11.18 | 10.79 | 1.026 times |
| 18 Mon Nov 2024 | 11.01 | 10.93 | 11.36 | 10.70 | 1.763 times |
| 15 Fri Nov 2024 | 11.42 | 11.50 | 11.51 | 11.27 | 1.242 times |
| 14 Thu Nov 2024 | 11.58 | 11.50 | 11.64 | 11.48 | 0.855 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 11.3 as stoploss in an intra day sell trade for a target of 11.12. However, stock will show a bullish move above 11.3.
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 | 11.44 |
| Upside Target | 11.50 |
| Upside Target | 11.64 |
| 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 | 11.09 |
| Downside Intraday Target | 10.95 |
| Upside Intraday Target | 11.41 |
| Upside Intraday Target | 11.59 |
| Upside Intraday Target | 11.27 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Tue Nov 2024 | 11.24 | 11.41 | 11.44 | 11.12 | 0.259 times |
| 26 Tue Nov 2024 | 11.24 | 11.21 | 11.50 | 11.12 | 0.373 times |
| 22 Fri Nov 2024 | 10.99 | 10.93 | 11.36 | 10.70 | 1.053 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 |
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 |
| 26 Tue Nov 2024 | 11.24 | 11.23 | 11.64 | 10.42 | 1.179 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid 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.
Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer 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.
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 BUY signal for Magic Software in short term and the buy signal is strong.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term
RSI is generating a BUY signal in short term but buying is losing 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 11.19 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 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 positive
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid 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.
Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer 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.
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 BUY signal for Magic Software in short term and the buy signal is strong.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term
RSI is generating a BUY signal in short term but buying is losing 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 11.19 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 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.