(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 2024-03-26 View latest technical analysis
10 day averaged volume of Magic Software is 102160
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Tue Mar 2024 | 11.96 | 12.00 | 12.00 | 11.90 | 0.347 times |
| 25 Mon Mar 2024 | 11.90 | 12.04 | 12.10 | 11.76 | 0.895 times |
| 22 Fri Mar 2024 | 12.04 | 12.00 | 12.11 | 11.91 | 1.114 times |
| 21 Thu Mar 2024 | 12.05 | 12.49 | 12.55 | 12.03 | 0.607 times |
| 20 Wed Mar 2024 | 12.25 | 12.15 | 12.29 | 12.07 | 0.393 times |
| 19 Tue Mar 2024 | 12.14 | 11.95 | 12.14 | 11.93 | 0.519 times |
| 18 Mon Mar 2024 | 11.92 | 12.17 | 12.17 | 11.87 | 0.459 times |
| 15 Fri Mar 2024 | 11.97 | 11.83 | 12.00 | 11.67 | 1.032 times |
| 14 Thu Mar 2024 | 11.81 | 11.96 | 12.15 | 11.64 | 1.672 times |
| 13 Wed Mar 2024 | 11.53 | 11.43 | 11.80 | 11.31 | 2.836 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 12 as stoploss in an intra day sell trade for a target of 11.39. However, stock will show a bullish move above 12.
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 | 11.76 |
| Downside Target | 11.87 |
| Upside Target | 12.10 |
| Upside Target | 12.15 |
| Upside Target | 12.55 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.78 |
| Downside Intraday Target | 11.6 |
| Upside Intraday Target | 12.12 |
| Upside Intraday Target | 12.28 |
| Downside Intraday Target | 11.94 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Tue Mar 2024 | 11.96 | 12.04 | 12.10 | 11.76 | 0.402 times |
| 22 Fri Mar 2024 | 12.04 | 12.17 | 12.55 | 11.87 | 0.49 times |
| 15 Fri Mar 2024 | 11.97 | 10.42 | 12.15 | 10.42 | 3.579 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 |
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 |
| 26 Tue Mar 2024 | 11.96 | 11.21 | 12.55 | 10.42 | 1.491 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 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 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 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 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.
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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 11.84 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 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 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 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 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.
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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 11.84 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.