Magic Software (MGIC) Technical (Analysis) Reports Magic Software ["Technical Analysis"] Reports -NASDAQ Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Magic Software (MGIC)
Technical Analysis Report for NASDAQ stock MGIC Magic Software. Dated: 22 Aug 2024 Updated Daily. Stock trades under Technology Deals in Computer Software Prepackaged Software in NASDAQ stock exchange
If you are looking for Tomorrow's Movement Predictions for NASDAQ stock MGIC Magic Software then click here. or read Experts views on Magic Software or Forecast & share price targets of Magic Software
Magic Software Opened at 10.64 and Closed at: 10.55, which is -1.04% of previous session's close. It moved within a range of 10.51 and 10.64
The session was a Bearish session with an average volume of 34200, which is 18.42% of previous session's volumes.
- The stock has fallen, and its short term trend is also negative and in a downtrend.
- Even though the stock has fallen, but its long term trend is positive and in an uptrend.
A Dead cross was found 3 days back on long term averages
Support for tomorrow is 10.47 and resistance for tomorrow is 10.6
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 10.49, 10.44 resistance for tomorrow's hourly charts is 10.62, 10.7
10 Day SMA for Magic Software (MGIC) is 10.43 and stock is trading above these levels. This is a good sign for its short term trend
20 Day SMA for Magic Software (MGIC) is 10.49 and the stock is trading above these levels. This is a good sign for its mid term trend
50 Day SMA for Magic Software (MGIC) is 10.55 and the stock is trading above these levels. This is a good sign for its mid to long term trend
100 Day SMA is 11 and the stock is trading below these levels. This is not a good sign for its long term trend
200 Day SMA Magic Software is 10.66 and stock is trading below these levels. This is not a good sign for its long term trend
20 DMA of Magic Software is at 10.49 and 200 DMA is at 10.66, while 50 DMA and 100 DMA are at 10.55 and 11 respectively
Magic Software (MGIC) moving average of 20 SMA is at 10.49 and 20 EMA is at 10.53
Date | Closing Price | 20 SMA | 20 EMA |
22 Thu Aug | 10.55 | 10.49 | 10.53 |
21 Wed Aug | 10.66 | 10.55 | 10.53 |
20 Tue Aug | 10.81 | 10.6 | 10.52 |
19 Mon Aug | 10.54 | 10.64 | 10.49 |
16 Fri Aug | 10.41 | 10.68 | 10.49 |
15 Thu Aug | 10.45 | 10.72 | 10.5 |
Magic Software (MGIC) moving average of 50 SMA is at 10.55 and 50 EMA is at 10.66
Date | Closing Price | 50 SMA | 50 EMA |
22 Thu Aug | 10.55 | 10.55 | 10.66 |
21 Wed Aug | 10.66 | 10.55 | 10.66 |
20 Tue Aug | 10.81 | 10.55 | 10.66 |
19 Mon Aug | 10.54 | 10.55 | 10.65 |
16 Fri Aug | 10.41 | 10.55 | 10.65 |
15 Thu Aug | 10.45 | 10.55 | 10.66 |
Magic Software (MGIC) moving average of 100 SMA is at 11 and 100 EMA is at 10.77
Date | Closing Price | 100 SMA | 100 EMA |
22 Thu Aug | 10.55 | 11 | 10.77 |
21 Wed Aug | 10.66 | 11.01 | 10.77 |
20 Tue Aug | 10.81 | 11.02 | 10.77 |
19 Mon Aug | 10.54 | 11.03 | 10.77 |
16 Fri Aug | 10.41 | 11.04 | 10.77 |
15 Thu Aug | 10.45 | 11.06 | 10.78 |
Magic Software (MGIC) moving average of 200 SMA is at 10.66 and 200 EMA is at 11.04
Date | Closing Price | 200 SMA | 200 EMA |
22 Thu Aug | 10.55 | 10.66 | 11.04 |
21 Wed Aug | 10.66 | 10.65 | 11.04 |
20 Tue Aug | 10.81 | 10.64 | 11.04 |
19 Mon Aug | 10.54 | 10.63 | 11.04 |
16 Fri Aug | 10.41 | 10.62 | 11.04 |
15 Thu Aug | 10.45 | 10.62 | 11.05 |
Magic Software has performed better than Summit Wireless in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Tucows Inc in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Smith Micro in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Shiftpixy Inc in short term. Holding Magic Software could be a better choice for now!
Nvidia Corporation has performed better than Magic Software in short term. You could have earned much better returns by investing in Nvidia Corporation, about 19.12% more returns!
Materialise Nv has performed better than Magic Software in short term. You could have earned much better returns by investing in Materialise Nv, about 4.06% more returns!
Marvell Technology has performed better than Magic Software in short term. You could have earned much better returns by investing in Marvell Technology, about 14.14% more returns!
Magic Software has performed better than Kimball Electronics in short term. Holding Magic Software could be a better choice for now!
First Solar has performed better than Magic Software in short term. You could have earned much better returns by investing in First Solar, about 5.93% more returns!
Magic Software has performed better than Foresight Autonomous in short term. Holding Magic Software could be a better choice for now!
Energy Recovery has performed better than Magic Software in short term. You could have earned much better returns by investing in Energy Recovery, about 28.65% more returns!
Descartes Systems has performed better than Magic Software in short term. You could have earned much better returns by investing in Descartes Systems, about 8.67% more returns!
Docusign Inc has performed better than Magic Software in short term. You could have earned much better returns by investing in Docusign Inc, about 11.1% more returns!
Cyberark Software has performed better than Magic Software in short term. You could have earned much better returns by investing in Cyberark Software, about 18.58% more returns!
Cisco Systems has performed better than Magic Software in short term. You could have earned much better returns by investing in Cisco Systems, about 14.56% more returns!
Ceragon Networks has performed better than Magic Software in short term. You could have earned much better returns by investing in Ceragon Networks, about 18.83% more returns!
Commscope Holding has performed better than Magic Software in short term. You could have earned much better returns by investing in Commscope Holding, about 120.09% more returns!
B O has performed better than Magic Software in short term. You could have earned much better returns by investing in B O, about 8.04% more returns!
Advanced Micro has performed better than Magic Software in short term. You could have earned much better returns by investing in Advanced Micro, about 18.03% more returns!
Magic Software Technical analysis of indicators
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.
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 BUY signal for Magic Software in short term but the buy signal is initial and weak.
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 in or below 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 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 10.45 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.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for NASDAQ stock MGIC Magic Software These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And MGIC Experts View which covers a lot of information including buying and selling signals
MGIC future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Magic Software or View Candle Stick Charts here
Quick Charts: Renko Point & Figure Just IntraDay All Indicators Weekly Monthly All in One Eagle View MACD & ADX
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