(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 2025-01-08 View latest technical analysis
10 day averaged volume of Magic Software is 26774
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed Jan 2025 | 11.71 | 12.02 | 12.02 | 11.64 | 1.109 times |
| 08 Wed Jan 2025 | 11.71 | 12.02 | 12.02 | 11.64 | 1.109 times |
| 07 Tue Jan 2025 | 12.09 | 12.20 | 12.20 | 11.93 | 1.135 times |
| 06 Mon Jan 2025 | 12.08 | 12.06 | 12.20 | 12.01 | 1.251 times |
| 03 Fri Jan 2025 | 11.98 | 11.85 | 11.99 | 11.84 | 1.375 times |
| 02 Thu Jan 2025 | 11.89 | 12.03 | 12.03 | 11.82 | 0.697 times |
| 31 Tue Dec 2024 | 12.03 | 12.11 | 12.24 | 11.97 | 1.313 times |
| 30 Mon Dec 2024 | 11.74 | 11.68 | 11.82 | 11.51 | 1.231 times |
| 27 Fri Dec 2024 | 11.68 | 11.77 | 11.82 | 11.59 | 0.651 times |
| 26 Thu Dec 2024 | 11.83 | 11.81 | 11.91 | 11.78 | 0.831 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.8, but if it comes above 11.8, then a intra day buy could be more profitable.
If you take a sell trade below 11.8, then use 11.8 as stoploss and 11.4 as target. However if you take a buy trade in stock , then use 11.8 as stoploss and 12.04 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 10.24 |
| Downside Target | 10.71 |
| Downside Target | 11.51 |
| Upside Target | 11.94 |
| Upside Target | 12.02 |
| Upside Target | 12.17 |
| Upside Target | 12.20 |
| Upside Target | 12.24 |
| Upside Target | 12.65 |
| Upside Target | 12.97 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.56 |
| Downside Intraday Target | 11.41 |
| Upside Intraday Target | 11.94 |
| Upside Intraday Target | 12.17 |
| Upside Intraday Target | 11.79 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed Jan 2025 | 11.71 | 12.02 | 12.02 | 11.64 | 0.317 times |
| 08 Wed Jan 2025 | 11.71 | 12.06 | 12.20 | 11.64 | 0.757 times |
| 03 Fri Jan 2025 | 11.98 | 11.68 | 12.24 | 11.51 | 1.693 times |
| 27 Fri Dec 2024 | 11.68 | 11.82 | 11.94 | 11.59 | 0.222 times |
| 20 Fri Dec 2024 | 12.04 | 12.50 | 12.65 | 11.70 | 1.541 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 Wed Jan 2025 | 11.71 | 12.03 | 12.20 | 11.64 | 0.262 times |
| 31 Tue Dec 2024 | 12.03 | 12.80 | 12.97 | 11.51 | 1.041 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 |
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 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 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 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 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
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 11.89 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 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 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 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
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 11.89 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.