(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 2024-06-20 View latest technical analysis
10 day averaged volume of Magic Software is 41120
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Thu Jun 2024 | 10.29 | 10.02 | 10.31 | 10.00 | 1.739 times |
| 18 Tue Jun 2024 | 10.15 | 10.45 | 10.45 | 10.14 | 1.678 times |
| 18 Tue Jun 2024 | 10.15 | 10.45 | 10.45 | 10.14 | 1.678 times |
| 17 Mon Jun 2024 | 10.61 | 10.64 | 10.64 | 10.40 | 0.893 times |
| 14 Fri Jun 2024 | 10.70 | 10.75 | 10.81 | 10.63 | 0.399 times |
| 13 Thu Jun 2024 | 10.78 | 10.77 | 10.84 | 10.69 | 0.601 times |
| 12 Wed Jun 2024 | 10.75 | 10.75 | 10.83 | 10.73 | 0.897 times |
| 11 Tue Jun 2024 | 10.68 | 10.60 | 10.71 | 10.55 | 0.389 times |
| 10 Mon Jun 2024 | 10.66 | 10.27 | 10.70 | 10.14 | 1.082 times |
| 07 Fri Jun 2024 | 10.31 | 10.40 | 10.44 | 10.31 | 1.209 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.3, but if it comes above 10.3, then a intra day buy could be more profitable.
If you take a sell trade below 10.3, then use 10.3 as stoploss and 10.1 as target. However if you take a buy trade in stock , then use 10.3 as stoploss and 10.54 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.94 |
| Upside Target | 10.81 |
| Upside Target | 10.84 |
| Upside Target | 11.06 |
| Upside Target | 11.32 |
| Upside Target | 11.34 |
| 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 | 10.04 |
| Downside Intraday Target | 9.8 |
| Upside Intraday Target | 10.49 |
| Upside Intraday Target | 10.7 |
| Downside Intraday Target | 10.25 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Thu Jun 2024 | 10.29 | 10.45 | 10.45 | 10.00 | 1.329 times |
| 18 Tue Jun 2024 | 10.15 | 10.64 | 10.64 | 10.14 | 0.763 times |
| 14 Fri Jun 2024 | 10.70 | 10.27 | 10.84 | 10.14 | 0.611 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 |
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 |
| 20 Thu Jun 2024 | 10.29 | 10.73 | 10.84 | 10.00 | 0.559 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 moving up
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 10.41 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 moving up
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 10.41 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.