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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 47550

Date Daily Closing Price Open High Low Volume
19 Mon Apr 2021 15.96 16.23 16.35 15.90 0.9 times
16 Fri Apr 2021 16.01 15.95 16.13 15.92 0.517 times
15 Thu Apr 2021 15.95 15.95 16.15 15.91 0.698 times
14 Wed Apr 2021 15.81 15.98 16.13 15.78 0.54 times
13 Tue Apr 2021 15.99 15.98 16.06 15.90 1.499 times
12 Mon Apr 2021 15.98 16.05 16.12 15.94 1.054 times
09 Fri Apr 2021 16.05 16.07 16.08 15.87 0.629 times
08 Thu Apr 2021 16.07 16.12 16.19 15.91 0.98 times
07 Wed Apr 2021 15.85 15.98 16.01 15.70 0.583 times
06 Tue Apr 2021 16.04 15.61 16.10 15.58 0.9 times

My analysis of stock is bullish for shortterm, and stock might move up till 16.3 or till 16.7. Use a stoploss of 15.93 and if this stock hits its stoploss, then it can fall down till 15.6

Share price targets for Magic Software (MGIC)

Target Type Value
Downside Target 14.26
Downside Target 14.91
Downside Target 15.50
Upside Target 16.19
Upside Target 16.35
Upside Target 16.62
Upside Target 17.03
Upside Target 17.48
Upside Target 17.49
Upside Target 18.35

Intraday share price targets for Magic Software (MGIC)

Target Type Value
Downside Intraday Target 15.79
Downside Intraday Target 15.62
Upside Intraday Target 16.24
Upside Intraday Target 16.52
Upside Intraday Target 16.07

Weekly technical analysis of Magic Software (MGIC)

Date Weekly Closing Price Open High Low Volume
19 Mon Apr 2021 15.96 16.23 16.35 15.90 0.209 times
16 Fri Apr 2021 16.01 16.05 16.15 15.78 0.757 times
09 Fri Apr 2021 16.05 15.70 16.19 15.19 1.51 times
01 Thu Apr 2021 15.71 15.76 15.92 15.17 1.333 times
26 Fri Mar 2021 15.87 16.84 17.03 15.57 0.939 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
19 Mon Apr 2021 15.96 15.57 16.35 15.19 0.643 times
31 Wed Mar 2021 15.21 16.10 17.48 14.91 0.785 times
26 Fri Feb 2021 15.61 16.19 18.35 15.50 0.709 times
29 Fri Jan 2021 16.17 15.49 17.49 14.38 2.019 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)

Indicator Name Indicator Value Indicator Signal
ADX 18, 18, 0 Sell
MACD -0, -0Buy
Stochastics 69None
CCI 107Buy
RSI 55Buy
OBV -208200Sell
VWAP 16Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is

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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Magic Software in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 and the buying is gaining 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 15.98 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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