(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 2024-07-11 View latest technical analysis
10 day averaged volume of Magic Software is 42390
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 10.90 | 10.80 | 10.96 | 10.75 | 1.118 times |
| 10 Wed Jul 2024 | 10.52 | 10.65 | 10.68 | 10.45 | 1.191 times |
| 09 Tue Jul 2024 | 10.62 | 10.81 | 10.81 | 10.60 | 1.062 times |
| 08 Mon Jul 2024 | 10.80 | 10.73 | 10.86 | 10.59 | 1.564 times |
| 05 Fri Jul 2024 | 10.42 | 10.11 | 10.47 | 10.11 | 1.248 times |
| 03 Wed Jul 2024 | 10.09 | 10.12 | 10.19 | 10.02 | 0.429 times |
| 03 Wed Jul 2024 | 10.09 | 10.12 | 10.19 | 10.02 | 0.429 times |
| 02 Tue Jul 2024 | 10.14 | 10.01 | 10.17 | 10.01 | 0.578 times |
| 01 Mon Jul 2024 | 9.99 | 9.80 | 10.04 | 9.80 | 1.496 times |
| 28 Fri Jun 2024 | 9.63 | 9.66 | 9.72 | 9.63 | 1.102 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 11, for a target of 10.6 or 10.24
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 |
| Downside Target | 10.84 |
| Upside Target | 10.96 |
| 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 | 10.58 |
| Downside Intraday Target | 10.26 |
| Upside Intraday Target | 11.09 |
| Upside Intraday Target | 11.28 |
| Downside Intraday Target | 10.77 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 10.90 | 10.73 | 10.96 | 10.45 | 2.942 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 |
| 11 Thu Jul 2024 | 10.90 | 9.80 | 10.96 | 9.80 | 0.406 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 Strong 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 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 moving up
CCI has generated a buy signal for Magic Software in short term and BUY signal is strong.
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
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 10.37 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 positive
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 Strong 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 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 moving up
CCI has generated a buy signal for Magic Software in short term and BUY signal is strong.
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
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 10.37 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.