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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 2025-03-10 View latest technical analysis

10 day averaged volume of Magic Software is 31960

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Mar 2025	12.85	12.02	12.87	12.02	12.09 times
07 Fri Mar 2025	11.90	11.83	11.92	11.65	1.011 times
06 Thu Mar 2025	11.84	12.08	12.08	11.81	0.797 times
05 Wed Mar 2025	12.12	12.15	12.15	11.90	0.906 times
04 Tue Mar 2025	12.09	12.34	12.34	11.89	1.389 times
03 Mon Mar 2025	12.36	12.51	12.69	12.28	1.217 times
28 Fri Feb 2025	12.30	12.19	12.33	12.14	0.466 times
27 Thu Feb 2025	12.25	12.53	12.53	12.24	0.488 times
26 Wed Feb 2025	12.50	12.56	12.71	12.47	1.295 times
25 Tue Feb 2025	12.52	12.75	12.75	12.48	0.854 times

Stock of Magic Software (MGIC) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 13 as stoploss in an intra day sell trade for a target of 12.6. However, stock will show a bullish move above 13.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	10.42
Downside Target	11.36
Downside Target	12.02
Downside Target	12.52
Upside Target	12.87
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	12.29
Downside Intraday Target	11.73
Upside Intraday Target	13.14
Upside Intraday Target	13.43
Downside Intraday Target	12.58

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Mar 2025	12.85	12.02	12.87	12.02	2.273 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magic Software (MGIC)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Mon Mar 2025	12.85	12.51	12.87	11.65	0.792 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 12.59 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 negative.

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