NASDAQ Stock MGIC Historical charts - Magic Software Enterprises Ltd.

Historical charts for Stock MGIC - Share Magic Software Enterprises Ltd. trades in NASDAQ under Technology Deals in Computer Software Prepackaged Software

Moving Averages for

  • 5Day Average: 10.59
  • 12Day Average: 10.39
  • 20Day Average: 10.49
  • 50Day Average: 10.55
  • 100Day Average: 11
  • 150Day Average: 11.02

MGIC Indicators & signals

Indicator MACD (12,26,9)

10.5, 10.56, -0.1
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 24.14, 27.59
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGIC are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Thu Aug 2024 10.55 10.51 to 10.64 -1.03% 0.88 times
21 Wed Aug 2024 10.66 10.57 to 10.76 -1.39% 0.72 times
20 Tue Aug 2024 10.81 10.55 to 10.89 2.56% 1.32 times
19 Mon Aug 2024 10.54 10.43 to 10.54 1.25% 0.71 times
16 Fri Aug 2024 10.41 10.36 to 10.47 -0.38% 1.12 times
15 Thu Aug 2024 10.45 10.34 to 10.49 2.25% 1.38 times
14 Wed Aug 2024 10.22 10.08 to 10.34 -1.06% 1.09 times
13 Tue Aug 2024 10.33 10.15 to 10.37 2.89% 1.04 times
12 Mon Aug 2024 10.04 10.01 to 10.28 -2.62% 0.65 times
09 Fri Aug 2024 10.31 10.26 to 10.36 -0.19% 0.81 times
08 Thu Aug 2024 10.33 10.18 to 10.44 3.09% 1.16 times
07 Wed Aug 2024 10.02 9.90 to 10.07 3.09% 1.92 times

Technical analysis forecast of MGIC Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in MGIC MGIC at this time. Stock is rising and might rise more.

It appears as if MGIC MGIC gave a large move recently.

Stock of MGIC (MGIC) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of MGIC is bullish for shortterm, and stock might move up till 11 or till 11.5. Use a stoploss of 10.53 and if this stock hits its stoploss, then it can fall down till 10.1

Munafa value: 50

Munafa value: 50

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NASDAQ Stock MGIC Historical charts - Share Magic Software Enterprises Ltd.

 

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