(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 2024-07-10 View latest technical analysis
10 day averaged volume of Magic Software is 40390
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Wed Jul 2024 | 10.52 | 10.65 | 10.68 | 10.45 | 1.25 times |
| 09 Tue Jul 2024 | 10.62 | 10.81 | 10.81 | 10.60 | 1.114 times |
| 08 Mon Jul 2024 | 10.80 | 10.73 | 10.86 | 10.59 | 1.641 times |
| 05 Fri Jul 2024 | 10.42 | 10.11 | 10.47 | 10.11 | 1.31 times |
| 03 Wed Jul 2024 | 10.09 | 10.12 | 10.19 | 10.02 | 0.451 times |
| 03 Wed Jul 2024 | 10.09 | 10.12 | 10.19 | 10.02 | 0.451 times |
| 02 Tue Jul 2024 | 10.14 | 10.01 | 10.17 | 10.01 | 0.607 times |
| 01 Mon Jul 2024 | 9.99 | 9.80 | 10.04 | 9.80 | 1.57 times |
| 28 Fri Jun 2024 | 9.63 | 9.66 | 9.72 | 9.63 | 1.156 times |
| 27 Thu Jun 2024 | 9.63 | 9.63 | 9.68 | 9.57 | 0.946 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 10.6 as stoploss in an intra day sell trade for a target of 10.23. However, stock will show a bullish move above 10.6.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 9.80 |
| Downside Target | 10.45 |
| Downside Target | 10.47 |
| Upside Target | 10.84 |
| Upside Target | 10.86 |
| Upside Target | 11.32 |
| 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 | 10.36 |
| Downside Intraday Target | 10.2 |
| Upside Intraday Target | 10.77 |
| Upside Intraday Target | 11.02 |
| Upside Intraday Target | 10.61 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Wed Jul 2024 | 10.52 | 10.73 | 10.86 | 10.45 | 2.276 times |
| 05 Fri Jul 2024 | 10.42 | 10.12 | 10.47 | 10.02 | 0.67 times |
| 03 Wed Jul 2024 | 10.09 | 9.80 | 10.19 | 9.80 | 0.467 times |
| 28 Fri Jun 2024 | 9.63 | 10.10 | 10.29 | 9.51 | 0.898 times |
| 21 Fri Jun 2024 | 10.10 | 10.45 | 10.45 | 9.92 | 2.395 times |
Price has moved up 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 |
| 10 Wed Jul 2024 | 10.52 | 9.80 | 10.86 | 9.80 | 0.356 times |
| 28 Fri Jun 2024 | 9.63 | 10.73 | 10.84 | 9.51 | 0.87 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 |
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 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 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 BUY. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 10.25 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 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 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 BUY. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 10.25 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.