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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.

Showing technical analysis as on 2025-02-06 View latest technical analysis

10 day averaged volume of Magic Software is 44290

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	13.16	13.30	13.38	13.15	0.632 times
05 Wed Feb 2025	13.35	13.32	13.46	13.29	2.14 times
04 Tue Feb 2025	12.92	12.75	12.96	12.59	0.732 times
03 Mon Feb 2025	12.65	12.58	12.76	12.43	0.908 times
31 Fri Jan 2025	12.68	12.76	12.96	12.59	1.009 times
30 Thu Jan 2025	12.80	13.11	13.19	12.80	0.867 times
29 Wed Jan 2025	12.82	12.83	12.89	12.71	1.091 times
28 Tue Jan 2025	12.47	12.39	12.63	12.39	0.91 times
27 Mon Jan 2025	12.45	12.77	12.77	12.40	0.872 times
24 Fri Jan 2025	12.85	13.01	13.01	12.81	0.646 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13, but if it comes below 13, then a intra day sell could be more profitable.
If you take a sell trade below 13, then use 13 as stoploss and 12.62 as target. However if you take a buy trade in stock , then use 13 as stoploss and 13.5 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.42
Downside Target	10.71
Downside Target	11.36
Downside Target	11.91
Downside Target	12.25
Downside Target	12.82
Downside Target	12.97
Downside Target	13.03
Upside Target	13.19
Upside Target	13.46

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	12.57
Downside Intraday Target	11.99
Upside Intraday Target	13.6
Upside Intraday Target	14.05
Downside Intraday Target	13.02

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	13.16	12.58	13.46	12.43	0.929 times
31 Fri Jan 2025	12.68	12.77	13.19	12.39	1.107 times
24 Fri Jan 2025	12.85	12.75	13.03	12.62	4.034 times
17 Fri Jan 2025	12.60	12.42	12.60	12.25	0.176 times
17 Fri Jan 2025	12.60	11.63	12.82	11.57	3.247 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
06 Thu Feb 2025	13.16	12.58	13.46	12.43	0.206 times
31 Fri Jan 2025	12.68	12.03	13.19	11.36	1.388 times
31 Tue Dec 2024	12.03	12.80	12.97	11.51	1.041 times
26 Tue Nov 2024	11.24	11.23	11.64	10.42	1.179 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 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 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 Strong 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 stronger in this stock.

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

CCI has generated a SELL signal for Magic Software in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 12.87 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.