(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 2024-06-13 View latest technical analysis
10 day averaged volume of Magic Software is 37690
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Thu Jun 2024 | 10.78 | 10.77 | 10.84 | 10.69 | 0.655 times |
| 12 Wed Jun 2024 | 10.75 | 10.75 | 10.83 | 10.73 | 0.979 times |
| 11 Tue Jun 2024 | 10.68 | 10.60 | 10.71 | 10.55 | 0.425 times |
| 10 Mon Jun 2024 | 10.66 | 10.27 | 10.70 | 10.14 | 1.181 times |
| 07 Fri Jun 2024 | 10.31 | 10.40 | 10.44 | 10.31 | 1.319 times |
| 06 Thu Jun 2024 | 10.34 | 10.29 | 10.40 | 10.28 | 1.282 times |
| 05 Wed Jun 2024 | 10.45 | 10.46 | 10.47 | 10.27 | 0.998 times |
| 04 Tue Jun 2024 | 10.46 | 10.52 | 10.58 | 10.41 | 0.923 times |
| 03 Mon Jun 2024 | 10.52 | 10.73 | 10.81 | 10.52 | 1.488 times |
| 31 Fri May 2024 | 10.63 | 10.70 | 10.73 | 10.60 | 0.645 times |
My analysis of stock is bearish for shortterm, and stock might move down till 10.3 or till 9.5. Use a stoploss of 10.88 and if the stock hits stoploss, then it can shoot up till 11.5
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.94 |
| Downside Target | 10.14 |
| Upside Target | 10.81 |
| Upside Target | 11.06 |
| Upside Target | 11.32 |
| Upside Target | 11.34 |
| Upside Target | 11.48 |
| Upside Target | 11.53 |
| Upside Target | 12.27 |
| Upside Target | 12.55 |
| Upside Target | 12.99 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.33 |
| Downside Intraday Target | 9.89 |
| Upside Intraday Target | 11.03 |
| Upside Intraday Target | 11.29 |
| Downside Intraday Target | 10.59 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Thu Jun 2024 | 10.78 | 10.27 | 10.84 | 10.14 | 0.539 times |
| 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 |
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 |
| 13 Thu Jun 2024 | 10.78 | 10.73 | 10.84 | 10.14 | 0.319 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 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 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 short 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 gaining momentum.
MACD generated a BUY signal for Magic Software in short term but the buy 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 stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Magic Software in short term
RSI is generating a SELL signal in short term and selling is picking up 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 10.53 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 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 short 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 gaining momentum.
MACD generated a BUY signal for Magic Software in short term but the buy 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 stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Magic Software in short term
RSI is generating a SELL signal in short term and selling is picking up 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 10.53 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.