(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 2024-08-15 View latest technical analysis
10 day averaged volume of Magic Software is 51014
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 10.45 | 10.39 | 10.49 | 10.34 | 1.047 times |
| 14 Wed Aug 2024 | 10.22 | 10.33 | 10.34 | 10.08 | 0.825 times |
| 13 Tue Aug 2024 | 10.33 | 10.17 | 10.37 | 10.15 | 0.794 times |
| 12 Mon Aug 2024 | 10.04 | 10.25 | 10.28 | 10.01 | 0.496 times |
| 09 Fri Aug 2024 | 10.31 | 10.30 | 10.36 | 10.26 | 0.616 times |
| 08 Thu Aug 2024 | 10.33 | 10.18 | 10.44 | 10.18 | 0.882 times |
| 07 Wed Aug 2024 | 10.02 | 9.99 | 10.07 | 9.90 | 1.456 times |
| 06 Tue Aug 2024 | 9.72 | 10.00 | 10.07 | 9.64 | 1.694 times |
| 05 Mon Aug 2024 | 9.87 | 9.92 | 9.98 | 9.83 | 1.47 times |
| 02 Fri Aug 2024 | 10.57 | 10.56 | 10.64 | 10.48 | 0.957 times |
My analysis of stock is bearish for shortterm, and stock might move down till 10.1 or till 9.3. Use a stoploss of 10.72 and if the stock hits stoploss, then it can shoot up till 11.34
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 10.01 |
| Downside 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 | 10.14 |
| Downside Intraday Target | 9.84 |
| Upside Intraday Target | 10.62 |
| Upside Intraday Target | 10.8 |
| Downside Intraday Target | 10.32 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 10.45 | 10.25 | 10.49 | 10.01 | 0.517 times |
| 09 Fri Aug 2024 | 10.31 | 9.92 | 10.44 | 9.64 | 1.14 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 |
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 |
| 15 Thu Aug 2024 | 10.45 | 10.69 | 10.86 | 9.64 | 0.533 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls 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 buy signal for Magic Software in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing 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 10.13 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 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls 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 buy signal for Magic Software in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing 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 10.13 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 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.