(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 2025-05-23 View latest technical analysis
10 day averaged volume of Magic Software is 67000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Fri May 2025 | 15.11 | 14.78 | 15.23 | 14.67 | 0.69 times |
| 22 Thu May 2025 | 15.02 | 15.32 | 15.36 | 15.02 | 0.569 times |
| 21 Wed May 2025 | 15.38 | 15.43 | 15.73 | 14.35 | 1.721 times |
| 20 Tue May 2025 | 15.81 | 16.05 | 16.14 | 15.68 | 0.897 times |
| 19 Mon May 2025 | 16.15 | 16.20 | 16.50 | 15.88 | 1.957 times |
| 16 Fri May 2025 | 15.84 | 15.72 | 15.94 | 15.61 | 0.727 times |
| 15 Thu May 2025 | 15.72 | 15.71 | 15.89 | 15.61 | 0.821 times |
| 14 Wed May 2025 | 15.55 | 15.25 | 15.56 | 15.18 | 1.128 times |
| 13 Tue May 2025 | 15.20 | 14.78 | 15.32 | 14.78 | 1.257 times |
| 12 Mon May 2025 | 14.43 | 14.41 | 14.50 | 14.31 | 0.507 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 15.5 as stoploss in an intra day sell trade for a target of 14.69. However, stock will show a bullish move above 15.5.
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 | 14.35 |
| Downside Target | 14.48 |
| Upside Target | 15.94 |
| Upside Target | 16.50 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 14.14 |
| Downside Intraday Target | 13.17 |
| Upside Intraday Target | 16.29 |
| Upside Intraday Target | 17.47 |
| Upside Intraday Target | 15.32 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Fri May 2025 | 15.11 | 16.20 | 16.50 | 14.35 | 1.314 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 |
| 23 Fri May 2025 | 15.11 | 13.90 | 16.50 | 13.64 | 0.885 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 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 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 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 gaining 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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 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 15.54 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 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 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 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 gaining 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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 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 15.54 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.