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 2025-03-19 View latest technical analysis

10 day averaged volume of Magic Software is 194520

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	14.04	13.79	14.13	13.67	0.838 times
18 Tue Mar 2025	13.90	13.85	13.99	13.65	0.773 times
17 Mon Mar 2025	14.20	13.91	14.24	13.76	0.783 times
14 Fri Mar 2025	13.88	13.61	13.97	13.61	0.439 times
13 Thu Mar 2025	13.72	13.91	13.92	13.39	0.239 times
12 Wed Mar 2025	13.99	13.51	13.99	13.48	1.556 times
11 Tue Mar 2025	13.39	13.88	14.04	13.27	3.778 times
10 Mon Mar 2025	12.85	12.02	12.87	12.02	1.986 times
07 Fri Mar 2025	11.90	11.83	11.92	11.65	0.166 times
06 Thu Mar 2025	11.84	12.08	12.08	11.81	0.131 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.7, but if it comes below 13.7, then a intra day sell could be more profitable.
If you take a sell trade below 13.7, then use 13.7 as stoploss and 12.9 as target. However if you take a buy trade in stock , then use 13.7 as stoploss and 14.6 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.42
Downside Target	11.36
Downside Target	12.02
Downside Target	12.52
Downside Target	12.95
Downside Target	13.19
Downside Target	13.38
Downside Target	13.46
Downside Target	13.65
Downside Target	14.04
Upside Target	14.24

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	13.71
Downside Intraday Target	13.39
Upside Intraday Target	14.3
Upside Intraday Target	14.57
Downside Intraday Target	13.98

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	14.04	13.91	14.24	13.65	0.299 times
14 Fri Mar 2025	13.88	12.02	14.04	12.02	9.152 times
07 Fri Mar 2025	11.90	12.51	12.69	11.65	1.136 times
28 Fri Feb 2025	12.30	12.95	12.95	12.14	1.149 times
21 Fri Feb 2025	12.56	13.13	13.38	12.52	0.753 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 Mar 2025	14.04	12.51	14.24	11.65	3.118 times
28 Fri Feb 2025	12.30	12.58	13.46	12.14	0.742 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 to mid 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 mid to longer 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.

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.

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 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

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 13.51 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.