Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-02-04 View latest technical analysis

10 day averaged volume of Magic Software is 44050

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	12.92	12.75	12.96	12.59	0.736 times
03 Mon Feb 2025	12.65	12.58	12.76	12.43	0.913 times
31 Fri Jan 2025	12.68	12.76	12.96	12.59	1.015 times
30 Thu Jan 2025	12.80	13.11	13.19	12.80	0.872 times
29 Wed Jan 2025	12.82	12.83	12.89	12.71	1.096 times
28 Tue Jan 2025	12.47	12.39	12.63	12.39	0.915 times
27 Mon Jan 2025	12.45	12.77	12.77	12.40	0.876 times
24 Fri Jan 2025	12.85	13.01	13.01	12.81	0.649 times
23 Thu Jan 2025	12.99	12.81	13.03	12.81	0.831 times
22 Wed Jan 2025	12.74	12.86	12.97	12.72	1.333 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.9, but if it comes below 12.9, then a intra day sell could be more profitable.
If you take a sell trade below 12.9, then use 12.9 as stoploss and 12.46 as target. However if you take a buy trade in stock , then use 12.9 as stoploss and 13.4 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.42
Downside Target	10.71
Downside Target	11.36
Downside Target	11.91
Downside Target	12.25
Downside Target	12.82
Upside Target	12.96
Upside Target	12.97
Upside Target	13.03
Upside Target	13.19

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	12.58
Downside Intraday Target	12.24
Upside Intraday Target	13.11
Upside Intraday Target	13.3
Downside Intraday Target	12.77

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	12.92	12.58	12.96	12.43	0.345 times
31 Fri Jan 2025	12.68	12.77	13.19	12.39	1.107 times
24 Fri Jan 2025	12.85	12.75	13.03	12.62	4.034 times
17 Fri Jan 2025	12.60	12.42	12.60	12.25	0.176 times
17 Fri Jan 2025	12.60	11.63	12.82	11.57	3.247 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
04 Tue Feb 2025	12.92	12.58	12.96	12.43	0.077 times
31 Fri Jan 2025	12.68	12.03	13.19	11.36	1.388 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

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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Magic Software in short term but the sell signal is initial and weak.

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. 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 and the buying is gaining 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 12.73 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 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.