(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 2024-08-08 View latest technical analysis
10 day averaged volume of Magic Software is 58188
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 10.33 | 10.18 | 10.44 | 10.18 | 0.773 times |
| 07 Wed Aug 2024 | 10.02 | 9.99 | 10.07 | 9.90 | 1.277 times |
| 06 Tue Aug 2024 | 9.72 | 10.00 | 10.07 | 9.64 | 1.485 times |
| 05 Mon Aug 2024 | 9.87 | 9.92 | 9.98 | 9.83 | 1.289 times |
| 02 Fri Aug 2024 | 10.57 | 10.56 | 10.64 | 10.48 | 0.839 times |
| 01 Thu Aug 2024 | 10.66 | 10.69 | 10.86 | 10.53 | 0.71 times |
| 31 Wed Jul 2024 | 10.78 | 10.74 | 10.92 | 10.64 | 0.739 times |
| 30 Tue Jul 2024 | 10.78 | 10.96 | 10.96 | 10.60 | 1.223 times |
| 29 Mon Jul 2024 | 11.13 | 11.32 | 11.32 | 11.01 | 1.194 times |
| 26 Fri Jul 2024 | 11.68 | 11.82 | 11.82 | 11.62 | 0.481 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 10.3 as stoploss in an intra day buy trade for a target of 10.92. However, stock will show a bearish move below 10.3.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Upside Target | 10.36 |
| Upside Target | 10.76 |
| Upside Target | 11.19 |
| Upside Target | 11.32 |
| Upside Target | 11.35 |
| Upside Target | 11.82 |
| Upside Target | 12.27 |
| Upside Target | 12.99 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 9.83 |
| Downside Intraday Target | 9.34 |
| Upside Intraday Target | 10.63 |
| Upside Intraday Target | 10.94 |
| Downside Intraday Target | 10.14 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 10.33 | 9.92 | 10.44 | 9.64 | 1.025 times |
| 02 Fri Aug 2024 | 10.57 | 11.32 | 11.32 | 10.48 | 1.476 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 |
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 |
| 08 Thu Aug 2024 | 10.33 | 10.69 | 10.86 | 9.64 | 0.351 times |
| 31 Wed Jul 2024 | 10.78 | 9.80 | 11.82 | 9.80 | 1.111 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 |
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 10.43 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 10.43 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.