(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 2024-05-28 View latest technical analysis
10 day averaged volume of Magic Software is 65716
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 10.93 | 10.58 | 11.06 | 10.54 | 1.14 times |
| 23 Thu May 2024 | 10.44 | 10.57 | 10.59 | 10.36 | 0.533 times |
| 22 Wed May 2024 | 10.57 | 10.52 | 10.77 | 10.36 | 1.167 times |
| 21 Tue May 2024 | 10.83 | 11.29 | 11.33 | 10.82 | 1.627 times |
| 20 Mon May 2024 | 11.46 | 11.47 | 11.53 | 11.42 | 1.004 times |
| 17 Fri May 2024 | 11.88 | 11.87 | 11.88 | 11.48 | 0.639 times |
| 16 Thu May 2024 | 11.71 | 12.89 | 12.89 | 11.63 | 1.544 times |
| 15 Wed May 2024 | 12.87 | 12.89 | 12.99 | 12.78 | 1.634 times |
| 14 Tue May 2024 | 12.47 | 12.45 | 12.49 | 12.36 | 0.555 times |
| 13 Mon May 2024 | 12.41 | 12.43 | 12.50 | 12.40 | 0.951 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.2, but if it comes above 11.2, then a intra day buy could be more profitable.
If you take a sell trade below 11.2, then use 11.2 as stoploss and 10.4 as target. However if you take a buy trade in stock , then use 11.2 as stoploss and 11.83 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.38 |
| Downside Target | 9.94 |
| Downside Target | 10.36 |
| Downside Target | 10.86 |
| Upside 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 | 10.63 |
| Downside Intraday Target | 10.32 |
| Upside Intraday Target | 11.15 |
| Upside Intraday Target | 11.36 |
| Downside Intraday Target | 10.84 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 10.93 | 10.58 | 11.06 | 10.54 | 0.263 times |
| 23 Thu May 2024 | 10.44 | 11.47 | 11.53 | 10.36 | 0.814 times |
| 17 Fri May 2024 | 11.88 | 12.43 | 12.99 | 11.48 | 2.427 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 |
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 |
| 28 Tue May 2024 | 10.93 | 11.77 | 12.99 | 10.36 | 0.75 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 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 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 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 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 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 11.57 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 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 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 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 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 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 11.57 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.