(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 2025-03-24 View latest technical analysis
10 day averaged volume of Magic Software is 217880
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Mon Mar 2025 | 13.23 | 13.43 | 13.43 | 13.11 | 0.543 times |
| 21 Fri Mar 2025 | 13.49 | 13.44 | 13.49 | 13.28 | 0.263 times |
| 20 Thu Mar 2025 | 13.44 | 13.89 | 13.89 | 13.42 | 0.459 times |
| 19 Wed Mar 2025 | 14.04 | 13.79 | 14.13 | 13.67 | 0.749 times |
| 18 Tue Mar 2025 | 13.90 | 13.85 | 13.99 | 13.65 | 0.69 times |
| 17 Mon Mar 2025 | 14.20 | 13.91 | 14.24 | 13.76 | 0.699 times |
| 14 Fri Mar 2025 | 13.88 | 13.61 | 13.97 | 13.61 | 0.391 times |
| 13 Thu Mar 2025 | 13.72 | 13.91 | 13.92 | 13.39 | 0.213 times |
| 12 Wed Mar 2025 | 13.99 | 13.51 | 13.99 | 13.48 | 1.389 times |
| 11 Tue Mar 2025 | 13.39 | 13.88 | 14.04 | 13.27 | 3.373 times |
My analysis of stock is bullish for shortterm, and stock might move up till 13.8 or till 14.7. Use a stoploss of 13 and if this stock hits its stoploss, then it can fall down till 12.21
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 10.42 |
| Downside Target | 11.36 |
| Downside Target | 12.02 |
| Downside Target | 12.69 |
| Downside Target | 12.95 |
| Downside Target | 13.19 |
| Upside Target | 13.28 |
| Upside Target | 13.43 |
| Upside Target | 13.46 |
| Upside Target | 14.04 |
| Upside Target | 14.24 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 13.08 |
| Downside Intraday Target | 12.94 |
| Upside Intraday Target | 13.4 |
| Upside Intraday Target | 13.58 |
| Upside Intraday Target | 13.26 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Mon Mar 2025 | 13.23 | 13.43 | 13.43 | 13.11 | 0.19 times |
| 21 Fri Mar 2025 | 13.49 | 13.91 | 14.24 | 13.28 | 0.4 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 |
Price has moved down 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 |
| 24 Mon Mar 2025 | 13.23 | 12.51 | 14.24 | 11.65 | 3.51 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 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 neutral. A longer time frame might give a better analysis.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Magic Software stock for short term is BUY. 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.
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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 13.67 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 neutral. A longer time frame might give a better analysis.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Magic Software stock for short term is BUY. 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.
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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 13.67 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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.