(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 2026-02-09 View latest technical analysis
10 day averaged volume of Magic Software is 27510
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon Feb 2026 | 22.45 | 22.23 | 22.59 | 22.05 | 1.072 times |
| 06 Fri Feb 2026 | 21.85 | 21.76 | 22.28 | 21.59 | 0.687 times |
| 05 Thu Feb 2026 | 21.63 | 21.98 | 22.19 | 21.39 | 1.16 times |
| 04 Wed Feb 2026 | 21.89 | 22.69 | 22.83 | 20.49 | 4.875 times |
| 03 Tue Feb 2026 | 27.11 | 26.84 | 27.11 | 26.59 | 0.458 times |
| 02 Mon Feb 2026 | 26.45 | 26.25 | 26.75 | 26.25 | 0.771 times |
| 30 Fri Jan 2026 | 25.69 | 26.05 | 26.05 | 25.60 | 0.407 times |
| 29 Thu Jan 2026 | 26.08 | 26.30 | 26.30 | 25.63 | 0.4 times |
| 28 Wed Jan 2026 | 26.61 | 26.62 | 26.62 | 26.29 | 0.465 times |
| 27 Tue Jan 2026 | 26.95 | 26.95 | 26.97 | 26.51 | 0.371 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.8, but if it comes above 23.8, then a intra day buy could be more profitable.
If you take a sell trade below 23.8, then use 23.8 as stoploss and 21.3 as target. However if you take a buy trade in stock , then use 23.8 as stoploss and 25.82 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 19.38 |
| Downside Target | 20.49 |
| Downside Target | 20.94 |
| Downside Target | 21.47 |
| Downside Target | 22.05 |
| Upside Target | 22.59 |
| Upside Target | 23.90 |
| Upside Target | 24.81 |
| Upside Target | 25.60 |
| Upside Target | 26.97 |
| Upside Target | 27.21 |
| Upside Target | 27.35 |
| Upside Target | 27.44 |
| Upside Target | 28.00 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 22.14 |
| Downside Intraday Target | 21.82 |
| Upside Intraday Target | 22.68 |
| Upside Intraday Target | 22.9 |
| Downside Intraday Target | 22.36 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon Feb 2026 | 22.45 | 22.23 | 22.59 | 22.05 | 0.135 times |
| 06 Fri Feb 2026 | 21.85 | 26.25 | 27.11 | 20.49 | 3.878 times |
| 30 Fri Jan 2026 | 25.69 | 26.94 | 27.35 | 25.60 | 0.467 times |
| 23 Fri Jan 2026 | 26.97 | 26.23 | 26.97 | 24.81 | 1.039 times |
| 16 Fri Jan 2026 | 27.35 | 27.49 | 28.00 | 27.21 | 0.804 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 |
| 09 Mon Feb 2026 | 22.45 | 26.25 | 27.11 | 20.49 | 0.536 times |
| 30 Fri Jan 2026 | 25.69 | 26.05 | 28.00 | 24.81 | 0.472 times |
| 31 Wed Dec 2025 | 25.75 | 24.19 | 27.44 | 23.90 | 1.355 times |
| 28 Fri Nov 2025 | 23.08 | 21.43 | 24.94 | 20.94 | 1.214 times |
Scroll below to view daily charts
Price has moved down 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 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Magic Software in short term and the sell signal is strong.
Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 23.15 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative returns over a short term period. Returns for a longer term period have been negative.
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 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Magic Software in short term and the sell signal is strong.
Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 23.15 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.