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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 2025-02-19 View latest technical analysis

10 day averaged volume of Magic Software is 43030

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	13.30	13.16	13.38	13.16	0.871 times
18 Tue Feb 2025	13.20	13.13	13.22	13.04	1.104 times
14 Fri Feb 2025	12.79	12.78	12.93	12.75	0.748 times
13 Thu Feb 2025	12.81	12.90	13.08	12.69	1.369 times
12 Wed Feb 2025	12.85	12.96	12.96	12.80	0.465 times
11 Tue Feb 2025	13.09	12.98	13.35	12.98	0.779 times
10 Mon Feb 2025	13.05	13.08	13.16	13.03	0.655 times
07 Fri Feb 2025	12.95	13.05	13.16	12.94	1.274 times
06 Thu Feb 2025	13.16	13.30	13.38	13.15	0.651 times
05 Wed Feb 2025	13.35	13.32	13.46	13.29	2.203 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.1, but if it comes below 13.1, then a intra day sell could be more profitable.
If you take a sell trade below 13.1, then use 13.1 as stoploss and 12.9 as target. However if you take a buy trade in stock , then use 13.1 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	12.39
Downside Target	12.97
Downside Target	13.04
Downside Target	13.19
Upside Target	13.35
Upside Target	13.38
Upside Target	13.46

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	13.1
Downside Intraday Target	12.9
Upside Intraday Target	13.44
Upside Intraday Target	13.58
Downside Intraday Target	13.24

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	13.30	13.13	13.38	13.04	0.492 times
14 Fri Feb 2025	12.79	13.08	13.35	12.69	0.691 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

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
19 Wed Feb 2025	13.30	12.58	13.46	12.43	0.537 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 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 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 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 losing 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. Bulls are getting stronger in this stock.

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 13.09 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.