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(MGIC) Magic Software Weekly charts technical analysis

(MGIC) Magic Software Weekly charts technical analysis Weekly analysis of Magic Software | Buy/Sell Magic Software

Magic Software trades in USA in Technology sector.

10 day averaged volume of Magic Software is 57300

Date	Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	11.58	11.60	11.82	11.50	0.182 Mn
19 Fri Apr 2024	11.55	11.91	11.94	11.32	0.342 Mn
12 Fri Apr 2024	11.74	11.60	12.27	11.52	0.32 Mn
05 Fri Apr 2024	11.33	11.85	12.02	11.33	0.354 Mn
28 Thu Mar 2024	11.45	12.04	12.10	11.35	0.275 Mn
22 Fri Mar 2024	12.04	12.17	12.55	11.87	0.316 Mn
15 Fri Mar 2024	11.97	10.42	12.15	10.42	0.644 Mn
08 Fri Mar 2024	10.48	11.13	11.28	10.48	0.18 Mn
01 Fri Mar 2024	11.13	10.95	11.29	10.86	0.241 Mn
23 Fri Feb 2024	10.65	11.32	11.32	10.57	0.18 Mn

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 11.53 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.

Weekly charts