(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 2025-03-13 View latest technical analysis
10 day averaged volume of Magic Software is 162450
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Thu Mar 2025 | 13.72 | 13.91 | 13.92 | 13.39 | 0.286 times |
| 12 Wed Mar 2025 | 13.99 | 13.51 | 13.99 | 13.48 | 1.863 times |
| 11 Tue Mar 2025 | 13.39 | 13.88 | 14.04 | 13.27 | 4.524 times |
| 10 Mon Mar 2025 | 12.85 | 12.02 | 12.87 | 12.02 | 2.379 times |
| 07 Fri Mar 2025 | 11.90 | 11.83 | 11.92 | 11.65 | 0.199 times |
| 06 Thu Mar 2025 | 11.84 | 12.08 | 12.08 | 11.81 | 0.157 times |
| 05 Wed Mar 2025 | 12.12 | 12.15 | 12.15 | 11.90 | 0.178 times |
| 04 Tue Mar 2025 | 12.09 | 12.34 | 12.34 | 11.89 | 0.273 times |
| 03 Mon Mar 2025 | 12.36 | 12.51 | 12.69 | 12.28 | 0.239 times |
| 28 Fri Feb 2025 | 12.30 | 12.19 | 12.33 | 12.14 | 0.092 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 14, for a target of 13.3 or 12.7
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 |
| Downside Target | 12.95 |
| Downside Target | 12.97 |
| Downside Target | 13.19 |
| Downside Target | 13.35 |
| Downside Target | 13.38 |
| Downside Target | 13.46 |
| Upside Target | 14.04 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 12.48 |
| Downside Intraday Target | 11.24 |
| Upside Intraday Target | 14.5 |
| Upside Intraday Target | 15.28 |
| Downside Intraday Target | 13.26 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Thu Mar 2025 | 13.72 | 12.02 | 14.04 | 12.02 | 8.65 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 |
| 13 Thu Mar 2025 | 13.72 | 12.51 | 14.04 | 11.65 | 2.334 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, and volume has increased substantially. This means that the move can 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 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 short 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 tired and bears are picking up momentum.
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 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 13.24 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.
Price action analysis of Magic Software ( (MGIC) ) based on a short 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 short 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 tired and bears are picking up momentum.
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 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 13.24 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.