(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.
10 day averaged volume of Magic Software is 57300
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Thu Apr 2024 | 11.58 | 11.61 | 11.69 | 11.50 | 0.883 times |
| 24 Wed Apr 2024 | 11.61 | 11.82 | 11.82 | 11.55 | 0.517 times |
| 23 Tue Apr 2024 | 11.75 | 11.67 | 11.79 | 11.60 | 0.932 times |
| 22 Mon Apr 2024 | 11.59 | 11.60 | 11.71 | 11.53 | 0.846 times |
| 19 Fri Apr 2024 | 11.55 | 11.35 | 11.55 | 11.35 | 0.775 times |
| 18 Thu Apr 2024 | 11.45 | 11.61 | 11.62 | 11.32 | 1.033 times |
| 17 Wed Apr 2024 | 11.62 | 11.61 | 11.71 | 11.39 | 1.363 times |
| 16 Tue Apr 2024 | 11.66 | 11.84 | 11.91 | 11.48 | 1.827 times |
| 15 Mon Apr 2024 | 11.83 | 11.91 | 11.94 | 11.71 | 0.963 times |
| 12 Fri Apr 2024 | 11.74 | 11.73 | 11.75 | 11.52 | 1.037 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.5 as stoploss in an intra day buy trade for a target of 11.67. However, stock will show a bearish move below 11.5.
Share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Target | 9.00 |
| Downside Target | 9.38 |
| Downside Target | 9.94 |
| Downside Target | 10.42 |
| Downside Target | 10.86 |
| Downside Target | 11.32 |
| Upside Target | 11.82 |
| Upside Target | 11.94 |
| Upside Target | 12.02 |
| Upside Target | 12.10 |
| Upside Target | 12.27 |
| Upside Target | 12.55 |
Intraday share price targets for Magic Software (MGIC)
| Target Type | Value |
| Downside Intraday Target | 11.45 |
| Downside Intraday Target | 11.31 |
| Upside Intraday Target | 11.77 |
| Upside Intraday Target | 11.95 |
| Upside Intraday Target | 11.63 |
Weekly technical analysis of Magic Software (MGIC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Thu Apr 2024 | 11.58 | 11.60 | 11.82 | 11.50 | 0.533 times |
| 19 Fri Apr 2024 | 11.55 | 11.91 | 11.94 | 11.32 | 1.067 times |
| 12 Fri Apr 2024 | 11.74 | 11.60 | 12.27 | 11.52 | 0.905 times |
| 05 Fri Apr 2024 | 11.33 | 11.85 | 12.02 | 11.33 | 1.286 times |
| 28 Thu Mar 2024 | 11.45 | 12.04 | 12.10 | 11.35 | 0.871 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 |
| 25 Thu Apr 2024 | 11.58 | 11.85 | 12.27 | 11.32 | 0.8 times |
| 28 Thu Mar 2024 | 11.45 | 11.21 | 12.55 | 10.42 | 1.655 times |
| 29 Thu Feb 2024 | 11.17 | 10.05 | 11.34 | 9.94 | 0.597 times |
| 31 Wed Jan 2024 | 9.99 | 9.64 | 10.86 | 9.38 | 1.109 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL 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
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 11.64 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Magic Software in short term and SELL 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
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 11.64 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.