(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 2024-07-30 View latest technical analysis
10 day averaged volume of Magic Software is 43734
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 10.78 | 10.96 | 10.96 | 10.60 | 1.627 times |
| 29 Mon Jul 2024 | 11.13 | 11.32 | 11.32 | 11.01 | 1.588 times |
| 26 Fri Jul 2024 | 11.68 | 11.82 | 11.82 | 11.62 | 0.64 times |
| 25 Thu Jul 2024 | 11.72 | 11.58 | 11.75 | 11.50 | 1.016 times |
| 24 Wed Jul 2024 | 11.53 | 11.68 | 11.74 | 11.53 | 0.562 times |
| 23 Tue Jul 2024 | 11.62 | 11.51 | 11.64 | 11.42 | 0.928 times |
| 22 Mon Jul 2024 | 11.49 | 11.19 | 11.50 | 11.19 | 1.093 times |
| 19 Fri Jul 2024 | 11.08 | 11.35 | 11.35 | 11.06 | 0.871 times |
| 18 Thu Jul 2024 | 11.25 | 11.17 | 11.28 | 11.17 | 0.908 times |
| 17 Wed Jul 2024 | 11.15 | 11.12 | 11.20 | 11.04 | 1.188 times |
My analysis of stock is bearish for shortterm, and stock might move down till 10.5 or till 9.9. Use a stoploss of 10.99 and if the stock hits stoploss, then it can shoot up till 11.46
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 9.80 |
| Downside Target | 10.02 |
| Downside Target | 10.36 |
| Upside Target | 11.06 |
| Upside Target | 11.32 |
| Upside Target | 11.35 |
| Upside Target | 11.82 |
| 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 | 10.48 |
| Downside Intraday Target | 10.18 |
| Upside Intraday Target | 11.2 |
| Upside Intraday Target | 11.62 |
| Upside Intraday Target | 10.9 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 10.78 | 11.32 | 11.32 | 10.60 | 0.758 times |
| 26 Fri Jul 2024 | 11.68 | 11.19 | 11.82 | 11.19 | 0.717 times |
| 19 Fri Jul 2024 | 11.08 | 10.97 | 11.35 | 10.76 | 1.027 times |
| 12 Fri Jul 2024 | 11.02 | 10.73 | 11.06 | 10.45 | 3.541 times |
| 05 Fri Jul 2024 | 10.42 | 10.12 | 10.47 | 10.02 | 0.67 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 |
| 30 Tue Jul 2024 | 10.78 | 9.80 | 11.82 | 9.80 | 1.066 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
Magic Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
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 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 11.28 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
Magic Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
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 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 11.28 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.