(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 2025-04-07 View latest technical analysis
10 day averaged volume of Magic Software is 82610
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Mon Apr 2025 | 12.34 | 12.10 | 12.85 | 11.98 | 1.677 times |
| 04 Fri Apr 2025 | 12.65 | 12.73 | 12.84 | 12.29 | 1.324 times |
| 03 Thu Apr 2025 | 13.06 | 13.08 | 13.21 | 12.98 | 0.507 times |
| 02 Wed Apr 2025 | 13.42 | 13.07 | 13.44 | 13.05 | 0.588 times |
| 01 Tue Apr 2025 | 13.28 | 13.10 | 13.28 | 12.96 | 0.661 times |
| 31 Mon Mar 2025 | 12.99 | 12.94 | 13.00 | 12.63 | 1.195 times |
| 28 Fri Mar 2025 | 12.95 | 13.10 | 13.10 | 12.89 | 0.416 times |
| 24 Mon Mar 2025 | 13.23 | 13.43 | 13.43 | 13.11 | 1.431 times |
| 21 Fri Mar 2025 | 13.49 | 13.44 | 13.49 | 13.28 | 0.694 times |
| 20 Thu Mar 2025 | 13.44 | 13.89 | 13.89 | 13.42 | 1.209 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.6, but if it comes above 12.6, then a intra day buy could be more profitable.
If you take a sell trade below 12.6, then use 12.6 as stoploss and 11.8 as target. However if you take a buy trade in stock , then use 12.6 as stoploss and 13.23 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 11.36 |
| Downside Target | 11.98 |
| Upside Target | 12.85 |
| Upside Target | 13.28 |
| Upside Target | 13.43 |
| Upside Target | 13.44 |
| Upside Target | 13.46 |
| Upside Target | 14.04 |
| Upside Target | 14.24 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.93 |
| Downside Intraday Target | 11.52 |
| Upside Intraday Target | 12.8 |
| Upside Intraday Target | 13.26 |
| Upside Intraday Target | 12.39 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Mon Apr 2025 | 12.34 | 12.10 | 12.85 | 11.98 | 0.392 times |
| 04 Fri Apr 2025 | 12.65 | 12.94 | 13.44 | 12.29 | 2.315 times |
| 28 Fri Mar 2025 | 12.95 | 13.43 | 13.43 | 12.89 | 0.245 times |
| 21 Fri Mar 2025 | 13.49 | 13.91 | 14.24 | 13.28 | 0.4 times |
| 14 Fri Mar 2025 | 13.88 | 12.02 | 14.04 | 12.02 | 9.152 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 |
| 07 Mon Apr 2025 | 12.34 | 13.10 | 13.44 | 11.98 | 0.151 times |
| 31 Mon Mar 2025 | 12.99 | 12.51 | 14.24 | 11.65 | 3.7 times |
| 28 Fri Feb 2025 | 12.30 | 12.58 | 13.46 | 12.14 | 0.742 times |
| 31 Fri Jan 2025 | 12.68 | 12.03 | 13.19 | 11.36 | 1.388 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL signal is strong!
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 13.01 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL signal is strong!
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 13.01 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.