(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 2024-09-05 View latest technical analysis
10 day averaged volume of Magic Software is 45642
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 10.69 | 10.72 | 10.88 | 10.69 | 0.688 times |
| 04 Wed Sep 2024 | 10.67 | 10.66 | 10.80 | 10.66 | 0.407 times |
| 03 Tue Sep 2024 | 10.67 | 10.88 | 10.88 | 10.61 | 1.599 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 1.1 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 1.1 times |
| 29 Thu Aug 2024 | 10.80 | 10.82 | 10.90 | 10.77 | 0.936 times |
| 28 Wed Aug 2024 | 10.77 | 10.78 | 10.87 | 10.75 | 0.732 times |
| 27 Tue Aug 2024 | 10.73 | 10.73 | 10.80 | 10.65 | 1.859 times |
| 26 Mon Aug 2024 | 10.72 | 10.73 | 10.79 | 10.61 | 0.721 times |
| 23 Fri Aug 2024 | 10.72 | 10.60 | 10.75 | 10.57 | 0.798 times |
My analysis of stock is bullish for shortterm, and stock might move up till 10.8 or till 11.1. Use a stoploss of 10.59 and if this stock hits its stoploss, then it can fall down till 10.37
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.51 |
| Downside Target | 10.01 |
| Downside Target | 10.36 |
| Upside Target | 10.88 |
| Upside Target | 10.89 |
| Upside Target | 10.92 |
| Upside Target | 11.82 |
| Upside Target | 12.99 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.57 |
| Downside Intraday Target | 10.46 |
| Upside Intraday Target | 10.84 |
| Upside Intraday Target | 11 |
| Upside Intraday Target | 10.73 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 10.69 | 10.88 | 10.88 | 10.61 | 2.449 times |
| 30 Fri Aug 2024 | 10.85 | 10.78 | 10.92 | 10.78 | 0.206 times |
| 30 Fri Aug 2024 | 10.85 | 10.73 | 10.92 | 10.61 | 1.377 times |
| 23 Fri Aug 2024 | 10.72 | 10.48 | 10.89 | 10.43 | 0.866 times |
| 16 Fri Aug 2024 | 10.41 | 10.25 | 10.49 | 10.01 | 0.656 times |
Price has moved down 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 |
| 05 Thu Sep 2024 | 10.69 | 10.88 | 10.88 | 10.61 | 0.114 times |
| 30 Fri Aug 2024 | 10.85 | 10.69 | 10.92 | 9.64 | 1.021 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 |
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 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 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
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 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 but BUY signal is weak.
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 10.75 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
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 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 but BUY signal is weak.
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 10.75 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. 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.