(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 2024-12-20 View latest technical analysis
10 day averaged volume of Magic Software is 48413
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 12.04 | 11.72 | 12.29 | 11.70 | 1.466 times |
| 19 Thu Dec 2024 | 11.90 | 12.19 | 12.27 | 11.74 | 2.976 times |
| 18 Wed Dec 2024 | 12.19 | 12.52 | 12.64 | 12.14 | 0.748 times |
| 17 Tue Dec 2024 | 12.48 | 12.57 | 12.65 | 12.48 | 0.806 times |
| 16 Mon Dec 2024 | 12.51 | 12.50 | 12.64 | 12.29 | 0.782 times |
| 13 Fri Dec 2024 | 12.26 | 12.31 | 12.48 | 12.20 | 0.483 times |
| 12 Thu Dec 2024 | 12.30 | 12.53 | 12.65 | 12.30 | 0.423 times |
| 11 Wed Dec 2024 | 12.61 | 12.81 | 12.81 | 12.52 | 1.339 times |
| 10 Tue Dec 2024 | 12.51 | 12.82 | 12.82 | 12.35 | 0.733 times |
| 09 Mon Dec 2024 | 12.86 | 12.80 | 12.97 | 12.78 | 1.422 times |
My analysis of stock is bullish for shortterm, and stock might move up till 12.4 or till 13.2. Use a stoploss of 11.77 and if this stock hits its stoploss, then it can fall down till 11.13
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.64 |
| Downside Target | 10.24 |
| Downside Target | 10.70 |
| Downside Target | 11.36 |
| Downside Target | 11.70 |
| Downside Target | 11.91 |
| Upside Target | 12.17 |
| Upside Target | 12.20 |
| Upside Target | 12.65 |
| Upside Target | 12.97 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.61 |
| Downside Intraday Target | 11.18 |
| Upside Intraday Target | 12.56 |
| Upside Intraday Target | 13.08 |
| Upside Intraday Target | 12.13 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 12.04 | 12.50 | 12.65 | 11.70 | 1.541 times |
| 13 Fri Dec 2024 | 12.26 | 12.80 | 12.97 | 12.20 | 15.212 times |
| 26 Tue Nov 2024 | 11.24 | 11.41 | 11.44 | 11.12 | 0.259 times |
| 26 Tue Nov 2024 | 11.24 | 11.21 | 11.50 | 11.12 | 0.373 times |
| 22 Fri Nov 2024 | 10.99 | 10.93 | 11.36 | 10.70 | 1.053 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 |
| 20 Fri Dec 2024 | 12.04 | 12.80 | 12.97 | 11.70 | 0.826 times |
| 26 Tue Nov 2024 | 11.24 | 11.23 | 11.64 | 10.42 | 1.179 times |
| 31 Thu Oct 2024 | 11.21 | 11.91 | 11.91 | 10.71 | 0.323 times |
| 30 Mon Sep 2024 | 11.82 | 10.88 | 12.17 | 10.24 | 1.596 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 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 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 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 Weak 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 above the green 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 BUY signal in short term but buying 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 12.3 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 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 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 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 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 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 Weak 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 above the green 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 BUY signal in short term but buying 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 12.3 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 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.