(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 2025-02-24 View latest technical analysis
10 day averaged volume of Magic Software is 35780
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Mon Feb 2025 | 12.79 | 12.95 | 12.95 | 12.58 | 1.409 times |
| 21 Fri Feb 2025 | 12.56 | 12.82 | 12.85 | 12.52 | 0.643 times |
| 20 Thu Feb 2025 | 12.77 | 13.13 | 13.13 | 12.77 | 0.62 times |
| 19 Wed Feb 2025 | 13.30 | 13.16 | 13.38 | 13.16 | 1.048 times |
| 18 Tue Feb 2025 | 13.20 | 13.13 | 13.22 | 13.04 | 1.328 times |
| 14 Fri Feb 2025 | 12.79 | 12.78 | 12.93 | 12.75 | 0.9 times |
| 13 Thu Feb 2025 | 12.81 | 12.90 | 13.08 | 12.69 | 1.646 times |
| 12 Wed Feb 2025 | 12.85 | 12.96 | 12.96 | 12.80 | 0.559 times |
| 11 Tue Feb 2025 | 13.09 | 12.98 | 13.35 | 12.98 | 0.936 times |
| 10 Mon Feb 2025 | 13.05 | 13.08 | 13.16 | 13.03 | 0.788 times |
My analysis of stock is bearish for shortterm, and stock might move down till 12.6 or till 12.3. Use a stoploss of 12.87 and if the stock hits stoploss, then it can shoot up till 13.12
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 | 12.39 |
| Upside Target | 12.95 |
| Upside Target | 12.97 |
| Upside Target | 13.19 |
| Upside Target | 13.35 |
| Upside Target | 13.38 |
| Upside Target | 13.46 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 12.6 |
| Downside Intraday Target | 12.4 |
| Upside Intraday Target | 12.97 |
| Upside Intraday Target | 13.14 |
| Downside Intraday Target | 12.77 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Mon Feb 2025 | 12.79 | 12.95 | 12.95 | 12.58 | 0.387 times |
| 21 Fri Feb 2025 | 12.56 | 13.13 | 13.38 | 12.52 | 0.753 times |
| 14 Fri Feb 2025 | 12.79 | 13.08 | 13.35 | 12.69 | 0.691 times |
| 07 Fri Feb 2025 | 12.95 | 12.58 | 13.46 | 12.43 | 1.19 times |
| 31 Fri Jan 2025 | 12.68 | 12.77 | 13.19 | 12.39 | 1.107 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 |
| 24 Mon Feb 2025 | 12.79 | 12.58 | 13.46 | 12.43 | 0.637 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 to mid 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 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 gaining momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 12.94 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 to mid 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 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 gaining momentum.
MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.
Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 12.94 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.