(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 39010
Date | Daily Closing Price | Open | High | Low | Volume |
13 Mon May 2024 | 12.41 | 12.43 | 12.50 | 12.40 | 1.602 times |
10 Fri May 2024 | 12.40 | 12.50 | 12.50 | 12.36 | 0.584 times |
09 Thu May 2024 | 12.43 | 12.39 | 12.51 | 12.37 | 0.661 times |
08 Wed May 2024 | 12.44 | 12.31 | 12.44 | 12.20 | 0.9 times |
07 Tue May 2024 | 12.29 | 12.27 | 12.36 | 12.25 | 0.526 times |
06 Mon May 2024 | 12.11 | 12.22 | 12.22 | 11.96 | 1.023 times |
03 Fri May 2024 | 12.01 | 11.97 | 12.09 | 11.92 | 0.933 times |
02 Thu May 2024 | 11.90 | 11.80 | 11.92 | 11.60 | 1.392 times |
01 Wed May 2024 | 11.72 | 11.77 | 11.78 | 11.58 | 1.382 times |
30 Tue Apr 2024 | 11.81 | 11.84 | 11.86 | 11.71 | 1.448 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.2, but if it comes below 12.2, then a intra day sell could be more profitable.
If you take a sell trade below 12.2, then use 12.2 as stoploss and 11.89 as target. However if you take a buy trade in stock , then use 12.2 as stoploss and 12.6 as target.
Share price targets for Magic Software (MGIC)
Target Type | Value |
Downside Target | 9.38 |
Downside Target | 9.94 |
Downside Target | 10.42 |
Downside Target | 10.86 |
Downside Target | 11.32 |
Downside Target | 11.82 |
Downside Target | 12.09 |
Downside Target | 12.27 |
Downside Target | 12.40 |
Upside Target | 12.50 |
Upside Target | 12.51 |
Upside Target | 12.55 |
Intraday share price targets for Magic Software (MGIC)
Target Type | Value |
Downside Intraday Target | 12.37 |
Downside Intraday Target | 12.34 |
Upside Intraday Target | 12.47 |
Upside Intraday Target | 12.54 |
Upside Intraday Target | 12.44 |
Weekly technical analysis of Magic Software (MGIC)
Date | Weekly Closing Price | Open | High | Low | Volume |
13 Mon May 2024 | 12.41 | 12.43 | 12.50 | 12.40 | 0.434 times |
10 Fri May 2024 | 12.40 | 12.22 | 12.51 | 11.96 | 0.586 times |
03 Fri May 2024 | 12.01 | 11.75 | 12.09 | 11.58 | 1.149 times |
26 Fri Apr 2024 | 11.64 | 11.60 | 11.82 | 11.50 | 0.627 times |
19 Fri Apr 2024 | 11.55 | 11.91 | 11.94 | 11.32 | 1.067 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 |
13 Mon May 2024 | 12.41 | 11.77 | 12.51 | 11.58 | 0.264 times |
30 Tue Apr 2024 | 11.81 | 11.85 | 12.27 | 11.32 | 0.889 times |
28 Thu Mar 2024 | 11.45 | 11.21 | 12.55 | 10.42 | 1.655 times |
29 Thu Feb 2024 | 11.17 | 10.05 | 11.34 | 9.94 | 0.597 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 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 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 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 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 12.1 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.
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 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 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 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 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 12.1 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.