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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 2025-03-05 View latest technical analysis

10 day averaged volume of Magic Software is 31560

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	12.12	12.15	12.15	11.90	0.917 times
04 Tue Mar 2025	12.09	12.34	12.34	11.89	1.407 times
03 Mon Mar 2025	12.36	12.51	12.69	12.28	1.233 times
28 Fri Feb 2025	12.30	12.19	12.33	12.14	0.472 times
27 Thu Feb 2025	12.25	12.53	12.53	12.24	0.494 times
26 Wed Feb 2025	12.50	12.56	12.71	12.47	1.312 times
25 Tue Feb 2025	12.52	12.75	12.75	12.48	0.865 times
24 Mon Feb 2025	12.79	12.95	12.95	12.58	1.597 times
21 Fri Feb 2025	12.56	12.82	12.85	12.52	0.729 times
20 Thu Feb 2025	12.77	13.13	13.13	12.77	0.703 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.4, but if it comes above 12.4, then a intra day buy could be more profitable.
If you take a sell trade below 12.4, then use 12.4 as stoploss and 11.9 as target. However if you take a buy trade in stock , then use 12.4 as stoploss and 12.74 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.42
Downside Target	11.36
Downside Target	11.89
Upside Target	12.14
Upside Target	12.43
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	11.78
Downside Intraday Target	11.43
Upside Intraday Target	12.58
Upside Intraday Target	13.03
Upside Intraday Target	12.23

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	12.12	12.51	12.69	11.89	0.75 times
28 Fri Feb 2025	12.30	12.95	12.95	12.14	1.149 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

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
05 Wed Mar 2025	12.12	12.51	12.69	11.89	0.16 times
28 Fri Feb 2025	12.30	12.58	13.46	12.14	0.742 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

Scroll below to view daily charts

Price has moved down 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Magic Software in short term and the sell signal is strong.

Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 SELL signal for Magic Software in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 12.44 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.