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(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 2025-01-16 View latest technical analysis

10 day averaged volume of Magic Software is 33536

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	12.30	12.70	12.82	12.00	3.489 times
15 Wed Jan 2025	12.62	12.61	12.68	12.53	1.088 times
14 Tue Jan 2025	12.20	12.26	12.30	12.15	1.157 times
13 Mon Jan 2025	11.85	11.63	11.85	11.57	0.85 times
10 Fri Jan 2025	11.45	11.69	11.71	11.36	1.574 times
08 Wed Jan 2025	11.71	12.02	12.02	11.64	0.886 times
08 Wed Jan 2025	11.71	12.02	12.02	11.64	0.886 times
07 Tue Jan 2025	12.09	12.20	12.20	11.93	0.906 times
06 Mon Jan 2025	12.08	12.06	12.20	12.01	0.999 times
03 Fri Jan 2025	11.98	11.85	11.99	11.84	1.097 times

Stock of Magic Software (MGIC) has showed a significant fall. This could be a good time to exit from this stock.

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 11.95 as target. However if you take a buy trade in stock , then use 12.2 as stoploss and 12.5 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.24
Downside Target	10.71
Downside Target	11.36
Downside Target	11.91
Downside Target	11.94
Downside Target	12.02
Downside Target	12.17
Downside Target	12.20
Downside Target	12.24
Upside Target	12.82
Upside Target	12.97

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	11.64
Downside Intraday Target	10.98
Upside Intraday Target	12.89
Upside Intraday Target	13.48
Downside Intraday Target	12.23

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	12.30	11.63	12.82	11.57	2.676 times
10 Fri Jan 2025	11.45	12.02	12.02	11.36	0.881 times
08 Wed Jan 2025	11.71	12.06	12.20	11.64	0.757 times
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

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
16 Thu Jan 2025	12.30	12.03	12.82	11.36	0.663 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.

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 12.05 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.