(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.
10 day averaged volume of Magic Software is 50500
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Mon Jan 2025 | 12.45 | 12.77 | 12.77 | 12.40 | 0.764 times |
| 24 Fri Jan 2025 | 12.85 | 13.01 | 13.01 | 12.81 | 0.566 times |
| 23 Thu Jan 2025 | 12.99 | 12.81 | 13.03 | 12.81 | 0.725 times |
| 22 Wed Jan 2025 | 12.74 | 12.86 | 12.97 | 12.72 | 1.162 times |
| 21 Tue Jan 2025 | 12.85 | 12.75 | 12.87 | 12.62 | 1.309 times |
| 17 Fri Jan 2025 | 12.60 | 12.42 | 12.60 | 12.25 | 0.933 times |
| 17 Fri Jan 2025 | 12.60 | 12.42 | 12.60 | 12.25 | 0.933 times |
| 16 Thu Jan 2025 | 12.30 | 12.70 | 12.82 | 12.00 | 2.317 times |
| 15 Wed Jan 2025 | 12.62 | 12.61 | 12.68 | 12.53 | 0.723 times |
| 14 Tue Jan 2025 | 12.20 | 12.26 | 12.30 | 12.15 | 0.768 times |
My analysis of stock is bullish for shortterm, and stock might move up till 12.7 or till 13.2. Use a stoploss of 12.24 and if this stock hits its stoploss, then it can fall down till 11.8
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 10.24 |
| Downside Target | 10.71 |
| Downside Target | 11.36 |
| Downside Target | 11.91 |
| Downside Target | 12.40 |
| Upside Target | 12.60 |
| Upside Target | 12.62 |
| Upside Target | 12.77 |
| Upside Target | 12.82 |
| Upside Target | 12.97 |
| Upside Target | 13.03 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 12.31 |
| Downside Intraday Target | 12.17 |
| Upside Intraday Target | 12.68 |
| Upside Intraday Target | 12.91 |
| Upside Intraday Target | 12.54 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Mon Jan 2025 | 12.45 | 12.77 | 12.77 | 12.40 | 0.203 times |
| 24 Fri Jan 2025 | 12.85 | 12.75 | 13.03 | 12.62 | 4.034 times |
| 17 Fri Jan 2025 | 12.60 | 12.42 | 12.60 | 12.25 | 0.176 times |
| 17 Fri Jan 2025 | 12.60 | 11.63 | 12.82 | 11.57 | 3.247 times |
| 10 Fri Jan 2025 | 11.45 | 12.02 | 12.02 | 11.36 | 0.881 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 |
| 27 Mon Jan 2025 | 12.45 | 12.03 | 13.03 | 11.36 | 1.136 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 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 losing momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 and SELL 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 12.58 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 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 losing momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
Magic Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 and SELL 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 12.58 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.