Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-05-20 View latest technical analysis

10 day averaged volume of Magic Software is 54490

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue May 2025	15.81	16.05	16.14	15.68	1.103 times
19 Mon May 2025	16.15	16.20	16.50	15.88	2.406 times
16 Fri May 2025	15.84	15.72	15.94	15.61	0.894 times
15 Thu May 2025	15.72	15.71	15.89	15.61	1.009 times
14 Wed May 2025	15.55	15.25	15.56	15.18	1.387 times
13 Tue May 2025	15.20	14.78	15.32	14.78	1.545 times
12 Mon May 2025	14.43	14.41	14.50	14.31	0.624 times
09 Fri May 2025	14.31	14.45	14.46	14.31	0.512 times
08 Thu May 2025	14.41	14.45	14.48	14.34	0.732 times
07 Wed May 2025	13.90	14.04	14.05	13.85	0.426 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 15.3, but if it comes below 15.3, then a intra day sell could be more profitable.
If you take a sell trade below 15.3, then use 15.3 as stoploss and 14.46 as target. However if you take a buy trade in stock , then use 15.3 as stoploss and 16.4 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	11.36
Downside Target	11.65
Downside Target	11.98
Downside Target	13.03
Downside Target	13.46
Downside Target	14.25
Downside Target	14.31
Downside Target	14.48
Downside Target	15.68
Upside Target	15.94
Upside Target	16.50

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	15.49
Downside Intraday Target	15.18
Upside Intraday Target	16.31
Upside Intraday Target	16.82
Upside Intraday Target	16

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue May 2025	15.81	16.20	16.50	15.68	0.643 times
16 Fri May 2025	15.84	14.41	15.94	14.31	2.154 times
09 Fri May 2025	14.31	13.88	14.48	13.64	1.142 times
02 Fri May 2025	14.23	13.84	14.25	13.51	0.647 times
25 Fri Apr 2025	13.88	13.29	13.90	13.03	6.533 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
20 Tue May 2025	15.81	13.90	16.50	13.64	0.683 times
30 Wed Apr 2025	13.84	13.10	14.03	11.98	0.38 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

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 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 losing 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 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 above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Magic Software in short term but SELL 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

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 15.43 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.