(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 2024-05-02 View latest technical analysis
10 day averaged volume of Magic Software is 47300
Date | Daily Closing Price | Open | High | Low | Volume |
02 Thu May 2024 | 11.90 | 11.80 | 11.92 | 11.60 | 1.148 times |
01 Wed May 2024 | 11.72 | 11.77 | 11.78 | 11.58 | 1.14 times |
30 Tue Apr 2024 | 11.81 | 11.84 | 11.86 | 11.71 | 1.195 times |
29 Mon Apr 2024 | 11.91 | 11.75 | 11.93 | 11.70 | 0.949 times |
26 Fri Apr 2024 | 11.64 | 11.67 | 11.79 | 11.63 | 0.677 times |
25 Thu Apr 2024 | 11.58 | 11.61 | 11.69 | 11.50 | 1.07 times |
24 Wed Apr 2024 | 11.61 | 11.82 | 11.82 | 11.55 | 0.626 times |
23 Tue Apr 2024 | 11.75 | 11.67 | 11.79 | 11.60 | 1.129 times |
22 Mon Apr 2024 | 11.59 | 11.60 | 11.71 | 11.53 | 1.025 times |
19 Fri Apr 2024 | 11.55 | 11.35 | 11.55 | 11.35 | 0.939 times |
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 |
Downside Target | 11.82 |
Upside Target | 11.92 |
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 | 11.68 |
Downside Intraday Target | 11.45 |
Upside Intraday Target | 12.03 |
Upside Intraday Target | 12.15 |
Downside Intraday Target | 11.8 |
Weekly technical analysis of Magic Software (MGIC)
Date | Weekly Closing Price | Open | High | Low | Volume |
02 Thu May 2024 | 11.90 | 11.75 | 11.93 | 11.58 | 0.979 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 |
02 Thu May 2024 | 11.90 | 11.77 | 11.92 | 11.58 | 0.081 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 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.
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 11.72 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 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.
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 11.72 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.