(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 2024-03-14 View latest technical analysis
10 day averaged volume of Magic Software is 65590
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 11.81 | 11.96 | 12.15 | 11.64 | 2.604 times |
| 13 Wed Mar 2024 | 11.53 | 11.43 | 11.80 | 11.31 | 4.417 times |
| 12 Tue Mar 2024 | 10.69 | 10.65 | 10.73 | 10.51 | 0.739 times |
| 11 Mon Mar 2024 | 10.52 | 10.42 | 10.55 | 10.42 | 0.456 times |
| 08 Fri Mar 2024 | 10.48 | 10.51 | 10.65 | 10.48 | 0.537 times |
| 07 Thu Mar 2024 | 10.53 | 10.72 | 10.73 | 10.50 | 0.593 times |
| 06 Wed Mar 2024 | 10.74 | 11.00 | 11.00 | 10.72 | 0.505 times |
| 05 Tue Mar 2024 | 10.86 | 11.07 | 11.10 | 10.83 | 0.537 times |
| 04 Mon Mar 2024 | 11.18 | 11.13 | 11.28 | 11.13 | 0.573 times |
| 01 Fri Mar 2024 | 11.13 | 11.21 | 11.25 | 11.01 | 1.247 times |
Stock of Magic Software (MGIC) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 11.7, for a target of 11.3 or 10.96
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 | 10.42 |
| Downside Target | 10.86 |
| Downside Target | 11.28 |
| Downside Target | 11.29 |
| Downside Target | 11.32 |
| Downside Target | 11.34 |
| Upside Target | 12.15 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 10.77 |
| Downside Intraday Target | 9.73 |
| Upside Intraday Target | 12.5 |
| Upside Intraday Target | 13.19 |
| Downside Intraday Target | 11.46 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 11.81 | 10.42 | 12.15 | 10.42 | 2.994 times |
| 08 Fri Mar 2024 | 10.48 | 11.13 | 11.28 | 10.48 | 0.746 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 |
Price has moved up 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 |
| 14 Thu Mar 2024 | 11.81 | 11.21 | 12.15 | 10.42 | 0.885 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 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.29 and Magic Software (MGIC) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.29 and Magic Software (MGIC) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.