(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 2024-12-16 View latest technical analysis
10 day averaged volume of Magic Software is 31277
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Dec 2024 | 12.51 | 12.50 | 12.64 | 12.29 | 1.211 times |
| 13 Fri Dec 2024 | 12.26 | 12.31 | 12.48 | 12.20 | 0.747 times |
| 12 Thu Dec 2024 | 12.30 | 12.53 | 12.65 | 12.30 | 0.654 times |
| 11 Wed Dec 2024 | 12.61 | 12.81 | 12.81 | 12.52 | 2.073 times |
| 10 Tue Dec 2024 | 12.51 | 12.82 | 12.82 | 12.35 | 1.134 times |
| 09 Mon Dec 2024 | 12.86 | 12.80 | 12.97 | 12.78 | 2.201 times |
| 26 Tue Nov 2024 | 11.24 | 11.41 | 11.44 | 11.12 | 0.448 times |
| 26 Tue Nov 2024 | 11.24 | 11.41 | 11.44 | 11.12 | 0.448 times |
| 25 Mon Nov 2024 | 11.46 | 11.21 | 11.50 | 11.20 | 1.282 times |
| 22 Fri Nov 2024 | 10.99 | 11.08 | 11.08 | 10.93 | 0.422 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.2, but if it comes below 12.2, then a intra day sell could be more profitable.
If you take a sell trade below 12.2, then use 12.2 as stoploss and 11.58 as target. However if you take a buy trade in stock , then use 12.2 as stoploss and 13 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.64 |
| Downside Target | 10.24 |
| Downside Target | 10.70 |
| Downside Target | 11.36 |
| Downside Target | 11.91 |
| Downside Target | 12.17 |
| Downside Target | 12.20 |
| Downside Target | 12.29 |
| Upside Target | 12.64 |
| Upside Target | 12.97 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 12.32 |
| Downside Intraday Target | 12.13 |
| Upside Intraday Target | 12.67 |
| Upside Intraday Target | 12.83 |
| Downside Intraday Target | 12.48 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Dec 2024 | 12.51 | 12.50 | 12.64 | 12.29 | 0.178 times |
| 13 Fri Dec 2024 | 12.26 | 12.80 | 12.97 | 12.20 | 15.212 times |
| 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 |
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 |
| 16 Mon Dec 2024 | 12.51 | 12.80 | 12.97 | 12.20 | 0.383 times |
| 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 |
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 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 neutral. A longer time frame might give a better analysis.
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 BUY. 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 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 green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term and BUY 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 12.28 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 BUY. 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 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 green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term and BUY 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 12.28 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 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.