(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 2024-05-01 View latest technical analysis
10 day averaged volume of Magic Software is 49720
Date | Daily Closing Price | Open | High | Low | Volume |
01 Wed May 2024 | 11.72 | 11.77 | 11.78 | 11.58 | 1.084 times |
30 Tue Apr 2024 | 11.81 | 11.84 | 11.86 | 11.71 | 1.136 times |
29 Mon Apr 2024 | 11.91 | 11.75 | 11.93 | 11.70 | 0.903 times |
26 Fri Apr 2024 | 11.64 | 11.67 | 11.79 | 11.63 | 0.644 times |
25 Thu Apr 2024 | 11.58 | 11.61 | 11.69 | 11.50 | 1.018 times |
24 Wed Apr 2024 | 11.61 | 11.82 | 11.82 | 11.55 | 0.595 times |
23 Tue Apr 2024 | 11.75 | 11.67 | 11.79 | 11.60 | 1.074 times |
22 Mon Apr 2024 | 11.59 | 11.60 | 11.71 | 11.53 | 0.975 times |
19 Fri Apr 2024 | 11.55 | 11.35 | 11.55 | 11.35 | 0.893 times |
18 Thu Apr 2024 | 11.45 | 11.61 | 11.62 | 11.32 | 1.191 times |
My analysis of stock is bullish for shortterm, and stock might move up till 11.9 or till 12.1. Use a stoploss of 11.68 and if this stock hits its stoploss, then it can fall down till 11.49
Share price targets for Magic Software (MGIC)
Target Type | Value |
Downside Target | 9.38 |
Downside Target | 9.94 |
Downside Target | 10.42 |
Downside Target | 10.86 |
Downside Target | 11.32 |
Upside Target | 11.82 |
Upside Target | 11.93 |
Upside Target | 11.94 |
Upside Target | 12.02 |
Upside Target | 12.27 |
Upside Target | 12.55 |
Intraday share price targets for Magic Software (MGIC)
Target Type | Value |
Downside Intraday Target | 11.56 |
Downside Intraday Target | 11.39 |
Upside Intraday Target | 11.91 |
Upside Intraday Target | 12.09 |
Upside Intraday Target | 11.74 |
Weekly technical analysis of Magic Software (MGIC)
Date | Weekly Closing Price | Open | High | Low | Volume |
01 Wed May 2024 | 11.72 | 11.75 | 11.93 | 11.58 | 0.725 times |
26 Fri Apr 2024 | 11.64 | 11.60 | 11.82 | 11.50 | 0.627 times |
19 Fri Apr 2024 | 11.55 | 11.91 | 11.94 | 11.32 | 1.067 times |
12 Fri Apr 2024 | 11.74 | 11.60 | 12.27 | 11.52 | 0.905 times |
05 Fri Apr 2024 | 11.33 | 11.85 | 12.02 | 11.33 | 1.286 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 |
01 Wed May 2024 | 11.72 | 11.77 | 11.78 | 11.58 | 0.04 times |
30 Tue Apr 2024 | 11.81 | 11.85 | 12.27 | 11.32 | 0.889 times |
28 Thu Mar 2024 | 11.45 | 11.21 | 12.55 | 10.42 | 1.655 times |
29 Thu Feb 2024 | 11.17 | 10.05 | 11.34 | 9.94 | 0.597 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.66 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.66 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.