(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 2024-03-05 View latest technical analysis
10 day averaged volume of Magic Software is 45930
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 10.86 | 11.07 | 11.10 | 10.83 | 0.766 times |
| 04 Mon Mar 2024 | 11.18 | 11.13 | 11.28 | 11.13 | 0.819 times |
| 01 Fri Mar 2024 | 11.13 | 11.21 | 11.25 | 11.01 | 1.781 times |
| 29 Thu Feb 2024 | 11.17 | 11.10 | 11.29 | 11.03 | 0.566 times |
| 28 Wed Feb 2024 | 10.98 | 10.99 | 11.01 | 10.89 | 0.666 times |
| 27 Tue Feb 2024 | 11.04 | 10.92 | 11.08 | 10.86 | 1.147 times |
| 26 Mon Feb 2024 | 10.94 | 10.95 | 11.08 | 10.86 | 1.093 times |
| 23 Fri Feb 2024 | 10.65 | 10.59 | 10.72 | 10.57 | 1.152 times |
| 22 Thu Feb 2024 | 10.63 | 10.78 | 10.78 | 10.58 | 0.779 times |
| 21 Wed Feb 2024 | 10.71 | 11.05 | 11.15 | 10.63 | 0.83 times |
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 8.15 |
| Downside Target | 9.00 |
| Downside Target | 9.38 |
| Downside Target | 9.94 |
| Downside Target | 10.52 |
| Downside Target | 10.86 |
| Upside Target | 11.28 |
| Upside Target | 11.29 |
| Upside Target | 11.32 |
| Upside Target | 11.34 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.7 |
| Downside Intraday Target | 10.54 |
| Upside Intraday Target | 11.15 |
| Upside Intraday Target | 11.44 |
| Upside Intraday Target | 10.99 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 10.86 | 11.13 | 11.28 | 10.83 | 0.302 times |
| 01 Fri Mar 2024 | 11.13 | 10.95 | 11.29 | 10.86 | 1.338 times |
| 23 Fri Feb 2024 | 10.65 | 11.32 | 11.32 | 10.57 | 0.789 times |
| 16 Fri Feb 2024 | 11.16 | 10.62 | 11.34 | 10.54 | 1.075 times |
| 09 Fri Feb 2024 | 10.56 | 10.25 | 10.73 | 10.13 | 0.692 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 |
| 05 Tue Mar 2024 | 10.86 | 11.21 | 11.28 | 10.83 | 0.171 times |
| 29 Thu Feb 2024 | 11.17 | 10.05 | 11.34 | 9.94 | 0.597 times |
| 31 Wed Jan 2024 | 9.99 | 9.64 | 10.86 | 9.38 | 1.109 times |
| 29 Fri Dec 2023 | 9.69 | 9.28 | 10.52 | 9.00 | 1.288 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 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 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 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. 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 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 10.94 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 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 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 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. 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 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 10.94 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.