(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 2025-01-03 View latest technical analysis
10 day averaged volume of Magic Software is 41101
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri Jan 2025 | 11.98 | 11.85 | 11.99 | 11.84 | 0.895 times |
| 02 Thu Jan 2025 | 11.89 | 12.03 | 12.03 | 11.82 | 0.454 times |
| 31 Tue Dec 2024 | 12.03 | 12.11 | 12.24 | 11.97 | 0.856 times |
| 30 Mon Dec 2024 | 11.74 | 11.68 | 11.82 | 11.51 | 0.802 times |
| 27 Fri Dec 2024 | 11.68 | 11.77 | 11.82 | 11.59 | 0.424 times |
| 26 Thu Dec 2024 | 11.83 | 11.81 | 11.91 | 11.78 | 0.541 times |
| 24 Tue Dec 2024 | 11.89 | 11.85 | 11.91 | 11.80 | 0.264 times |
| 23 Mon Dec 2024 | 11.84 | 11.82 | 11.94 | 11.80 | 0.546 times |
| 20 Fri Dec 2024 | 12.04 | 11.72 | 12.29 | 11.70 | 1.727 times |
| 19 Thu Dec 2024 | 11.90 | 12.19 | 12.27 | 11.74 | 3.505 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11.6 or till 11.1. Use a stoploss of 12.05 and if the stock hits stoploss, then it can shoot up till 12.46
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 10.24 |
| Downside Target | 10.71 |
| Downside Target | 11.12 |
| Downside Target | 11.44 |
| Downside Target | 11.94 |
| Upside Target | 12.03 |
| Upside Target | 12.17 |
| Upside Target | 12.20 |
| Upside Target | 12.24 |
| Upside Target | 12.65 |
| Upside Target | 12.97 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.58 |
| Downside Intraday Target | 11.18 |
| Upside Intraday Target | 12.31 |
| Upside Intraday Target | 12.64 |
| Downside Intraday Target | 11.91 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Fri Jan 2025 | 11.98 | 11.68 | 12.24 | 11.51 | 1.693 times |
| 27 Fri Dec 2024 | 11.68 | 11.82 | 11.94 | 11.59 | 0.222 times |
| 20 Fri Dec 2024 | 12.04 | 12.50 | 12.65 | 11.70 | 1.541 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Magic Software (MGIC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 03 Fri Jan 2025 | 11.98 | 12.03 | 12.03 | 11.82 | 0.081 times |
| 31 Tue Dec 2024 | 12.03 | 12.80 | 12.97 | 11.51 | 1.041 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 |
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 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 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 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 SELL signal for Magic Software in short term but the sell signal is initial and weak.
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 weakening, and bulls 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
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 11.91 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 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 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 SELL signal for Magic Software in short term but the sell signal is initial and weak.
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 weakening, and bulls 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
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 11.91 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.