(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)
Intraday share price targets for Magic Software (MGIC)
|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|
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.