(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 2024-05-16 View latest technical analysis
10 day averaged volume of Magic Software is 44117
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 11.71 | 12.89 | 12.89 | 11.63 | 2.299 times |
| 15 Wed May 2024 | 12.87 | 12.89 | 12.99 | 12.78 | 2.434 times |
| 14 Tue May 2024 | 12.47 | 12.45 | 12.49 | 12.36 | 0.827 times |
| 13 Mon May 2024 | 12.41 | 12.43 | 12.50 | 12.40 | 1.417 times |
| 10 Fri May 2024 | 12.40 | 12.50 | 12.50 | 12.36 | 0.517 times |
| 09 Thu May 2024 | 12.43 | 12.39 | 12.51 | 12.37 | 0.585 times |
| 08 Wed May 2024 | 12.44 | 12.31 | 12.44 | 12.20 | 0.796 times |
| 07 Tue May 2024 | 12.29 | 12.27 | 12.36 | 12.25 | 0.465 times |
| 06 Mon May 2024 | 12.11 | 12.22 | 12.22 | 11.96 | 0.904 times |
| 03 Fri May 2024 | 12.01 | 11.97 | 12.09 | 11.92 | 0.825 times |
Stock of Magic Software (MGIC) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.6 as stoploss in an intra day buy trade for a target of 12.01. However, stock will show a bearish move below 11.6.
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 | 11.96 |
| Upside Target | 12.09 |
| Upside Target | 12.27 |
| Upside Target | 12.51 |
| Upside Target | 12.55 |
| Upside Target | 12.99 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.23 |
| Downside Intraday Target | 10.75 |
| Upside Intraday Target | 12.59 |
| Upside Intraday Target | 13.47 |
| Upside Intraday Target | 12.11 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 11.71 | 12.43 | 12.99 | 11.63 | 2.136 times |
| 10 Fri May 2024 | 12.40 | 12.22 | 12.51 | 11.96 | 0.586 times |
| 03 Fri May 2024 | 12.01 | 11.75 | 12.09 | 11.58 | 1.149 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Magic Software (MGIC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 11.71 | 11.77 | 12.99 | 11.58 | 0.448 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 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 SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
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 12.31 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 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 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 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 SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
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 12.31 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.