(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 83840
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Fri May 2025 | 15.83 | 15.72 | 16.18 | 15.61 | 0.501 times |
| 29 Thu May 2025 | 15.72 | 16.19 | 16.43 | 15.69 | 1.404 times |
| 28 Wed May 2025 | 16.13 | 16.11 | 16.36 | 15.91 | 0.983 times |
| 27 Tue May 2025 | 16.05 | 15.74 | 16.13 | 15.56 | 1.715 times |
| 23 Fri May 2025 | 15.11 | 14.78 | 15.23 | 14.67 | 0.551 times |
| 22 Thu May 2025 | 15.02 | 15.32 | 15.36 | 15.02 | 0.454 times |
| 21 Wed May 2025 | 15.38 | 15.43 | 15.73 | 14.35 | 1.375 times |
| 20 Tue May 2025 | 15.81 | 16.05 | 16.14 | 15.68 | 0.717 times |
| 19 Mon May 2025 | 16.15 | 16.20 | 16.50 | 15.88 | 1.564 times |
| 16 Fri May 2025 | 15.84 | 15.72 | 15.94 | 15.61 | 0.581 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 15.9 as stoploss in an intra day sell trade for a target of 15.12. However, stock will show a bullish move above 15.9.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 11.36 |
| Downside Target | 11.65 |
| Downside Target | 11.98 |
| Downside Target | 13.19 |
| Downside Target | 13.46 |
| Downside Target | 14.03 |
| Downside Target | 14.35 |
| Downside Target | 14.48 |
| Downside Target | 15.56 |
| Upside Target | 15.94 |
| Upside Target | 16.43 |
| Upside Target | 16.50 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 15.45 |
| Downside Intraday Target | 15.07 |
| Upside Intraday Target | 16.32 |
| Upside Intraday Target | 16.81 |
| Upside Intraday Target | 15.94 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Fri May 2025 | 15.83 | 15.74 | 16.43 | 15.56 | 0.987 times |
| 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 |
Price has moved up 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 |
| 30 Fri May 2025 | 15.83 | 13.90 | 16.50 | 13.64 | 1.276 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 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 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 Weak 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 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 moving up
CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 15.79 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 falling down
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 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 Weak 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 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 moving up
CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 15.79 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 falling down
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.