(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 2024-06-07 View latest technical analysis
10 day averaged volume of Magic Software is 45920
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Fri Jun 2024 | 10.31 | 10.40 | 10.44 | 10.31 | 1.082 times |
| 06 Thu Jun 2024 | 10.34 | 10.29 | 10.40 | 10.28 | 1.052 times |
| 05 Wed Jun 2024 | 10.45 | 10.46 | 10.47 | 10.27 | 0.819 times |
| 04 Tue Jun 2024 | 10.46 | 10.52 | 10.58 | 10.41 | 0.758 times |
| 03 Mon Jun 2024 | 10.52 | 10.73 | 10.81 | 10.52 | 1.222 times |
| 31 Fri May 2024 | 10.63 | 10.70 | 10.73 | 10.60 | 0.529 times |
| 30 Thu May 2024 | 10.70 | 10.64 | 10.80 | 10.61 | 0.625 times |
| 29 Wed May 2024 | 10.69 | 10.67 | 10.83 | 10.57 | 0.932 times |
| 28 Tue May 2024 | 10.93 | 10.58 | 11.06 | 10.54 | 1.631 times |
| 23 Thu May 2024 | 10.44 | 10.57 | 10.59 | 10.36 | 0.762 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.4, but if it comes above 10.4, then a intra day buy could be more profitable.
If you take a sell trade below 10.4, then use 10.4 as stoploss and 9.3 as target. However if you take a buy trade in stock , then use 10.4 as stoploss and 11.23 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.94 |
| Downside Target | 10.27 |
| Upside Target | 10.81 |
| Upside Target | 11.06 |
| Upside Target | 11.32 |
| Upside Target | 11.53 |
| Upside Target | 11.96 |
| 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 | 10.12 |
| Downside Intraday Target | 9.92 |
| Upside Intraday Target | 10.66 |
| Upside Intraday Target | 11 |
| Upside Intraday Target | 10.46 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Fri Jun 2024 | 10.31 | 10.73 | 10.81 | 10.27 | 1.327 times |
| 31 Fri May 2024 | 10.63 | 10.58 | 11.06 | 10.54 | 0.6 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 |
Price has moved down 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 |
| 07 Fri Jun 2024 | 10.31 | 10.73 | 10.81 | 10.27 | 0.207 times |
| 31 Fri May 2024 | 10.63 | 11.77 | 12.99 | 10.36 | 0.822 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 |
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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Magic Software in short term but BUY 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 10.56 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Magic Software in short term but BUY 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 10.56 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.