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(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.

10 day averaged volume of Magic Software is 100850

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 11.84 12.00 12.00 11.78 0.287 times
26 Tue Mar 2024 11.96 12.00 12.00 11.90 0.351 times
25 Mon Mar 2024 11.90 12.04 12.10 11.76 0.906 times
22 Fri Mar 2024 12.04 12.00 12.11 11.91 1.128 times
21 Thu Mar 2024 12.05 12.49 12.55 12.03 0.615 times
20 Wed Mar 2024 12.25 12.15 12.29 12.07 0.398 times
19 Tue Mar 2024 12.14 11.95 12.14 11.93 0.526 times
18 Mon Mar 2024 11.92 12.17 12.17 11.87 0.465 times
15 Fri Mar 2024 11.97 11.83 12.00 11.67 1.045 times
14 Thu Mar 2024 11.81 11.96 12.15 11.64 1.694 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 11.44. 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
Upside 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 11.7
Downside Intraday Target 11.56
Upside Intraday Target 12.04
Upside Intraday Target 12.24
Upside Intraday Target 11.9

Weekly technical analysis of Magic Software (MGIC)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 11.84 12.04 12.10 11.76 0.493 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
27 Wed Mar 2024 11.84 11.21 12.55 10.42 1.523 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, and volume has increased substantially. This means that the move can 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 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.

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 above 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 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 11.96 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 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.

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 above 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 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 11.96 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.

Daily charts

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Daily chart
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