(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 2025-03-07 View latest technical analysis
10 day averaged volume of Magic Software is 31030
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Fri Mar 2025 | 11.90 | 11.83 | 11.92 | 11.65 | 1.041 times |
| 06 Thu Mar 2025 | 11.84 | 12.08 | 12.08 | 11.81 | 0.82 times |
| 05 Wed Mar 2025 | 12.12 | 12.15 | 12.15 | 11.90 | 0.933 times |
| 04 Tue Mar 2025 | 12.09 | 12.34 | 12.34 | 11.89 | 1.431 times |
| 03 Mon Mar 2025 | 12.36 | 12.51 | 12.69 | 12.28 | 1.254 times |
| 28 Fri Feb 2025 | 12.30 | 12.19 | 12.33 | 12.14 | 0.48 times |
| 27 Thu Feb 2025 | 12.25 | 12.53 | 12.53 | 12.24 | 0.503 times |
| 26 Wed Feb 2025 | 12.50 | 12.56 | 12.71 | 12.47 | 1.334 times |
| 25 Tue Feb 2025 | 12.52 | 12.75 | 12.75 | 12.48 | 0.88 times |
| 24 Mon Feb 2025 | 12.79 | 12.95 | 12.95 | 12.58 | 1.624 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.2, but if it comes above 12.2, then a intra day buy could be more profitable.
If you take a sell trade below 12.2, then use 12.2 as stoploss and 11.7 as target. However if you take a buy trade in stock , then use 12.2 as stoploss and 12.6 as target.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 10.42 |
| Downside Target | 11.36 |
| Upside Target | 12.14 |
| Upside Target | 12.43 |
| Upside Target | 12.69 |
| 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 | 11.47 |
| Downside Intraday Target | 11.04 |
| Upside Intraday Target | 12.51 |
| Upside Intraday Target | 13.12 |
| Upside Intraday Target | 12.08 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Fri Mar 2025 | 11.90 | 12.51 | 12.69 | 11.65 | 1.136 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 |
| 07 Fri Mar 2025 | 11.90 | 12.51 | 12.69 | 11.65 | 0.242 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 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 Strong 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 red color and prices are below the red 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 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 12.3 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.
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 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 Strong 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 red color and prices are below the red 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 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 12.3 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.