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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 2025-02-11 View latest technical analysis

10 day averaged volume of Magic Software is 45010

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	13.09	12.98	13.35	12.98	0.744 times
10 Mon Feb 2025	13.05	13.08	13.16	13.03	0.627 times
07 Fri Feb 2025	12.95	13.05	13.16	12.94	1.218 times
06 Thu Feb 2025	13.16	13.30	13.38	13.15	0.622 times
05 Wed Feb 2025	13.35	13.32	13.46	13.29	2.106 times
04 Tue Feb 2025	12.92	12.75	12.96	12.59	0.72 times
03 Mon Feb 2025	12.65	12.58	12.76	12.43	0.893 times
31 Fri Jan 2025	12.68	12.76	12.96	12.59	0.993 times
30 Thu Jan 2025	12.80	13.11	13.19	12.80	0.853 times
29 Wed Jan 2025	12.82	12.83	12.89	12.71	1.073 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 13.1 as stoploss in an intra day sell trade for a target of 12.8. However, stock will show a bullish move above 13.1.

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	12.97
Downside Target	12.98
Downside Target	13.03
Upside Target	13.19
Upside Target	13.35
Upside Target	13.46

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	12.93
Downside Intraday Target	12.77
Upside Intraday Target	13.3
Upside Intraday Target	13.51
Upside Intraday Target	13.14

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	13.09	13.08	13.35	12.98	0.247 times
07 Fri Feb 2025	12.95	12.58	13.46	12.43	1.19 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

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
11 Tue Feb 2025	13.09	12.58	13.46	12.43	0.329 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.

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 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

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 12.98 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.