MGIC NEWS why is Magic Software Enterprises Ltd. price falling or rising

MGIC NEWS reasons for why stock price of Magic Software Enterprises Ltd. is falling or rising

MGIC Magic Software is falling or rising technical reasons

Technical analysis forecast of Magic Software 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 Magic Software MGIC at this time. Stock is rising and might rise more.

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

Stock of Magic Software (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 Magic Software is bullish for shortterm, and stock might move up till 11.9 or till 12.1. Use a stoploss of 11.68 and if this stock hits its stoploss, then it can fall down till 11.49

MGIC Magic Software is falling or rising NEWS fundamental reasons

More announcements and NEWS

MGIC Magic Software Enterprises Ltd. current price & indicator signals

Moving Averages for Magic Software Enterprises Ltd.

  • 5Day Average: 11.73
  • 12Day Average: 11.66
  • 20Day Average: 11.68
  • 50Day Average: 11.5
  • 100Day Average: 10.85
  • 150Day Average: 10.49
  • 200Day Average: 10.84

MGIC Indicators & signals

Indicator MACD (12,26,9)

11.71, 11.66, 0.06
Indicator MACD is in positive zone

Indicator ADX (14)

0, 25.93, 25.93
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGIC Magic Software Enterprises Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Wed May 2024 11.72 11.58 to 11.78 -0.76% 1.08 times
30 Tue Apr 2024 11.81 11.71 to 11.86 -0.84% 1.14 times
29 Mon Apr 2024 11.91 11.70 to 11.93 2.32% 0.9 times
26 Fri Apr 2024 11.64 11.63 to 11.79 0.52% 0.64 times
25 Thu Apr 2024 11.58 11.50 to 11.69 -0.26% 1.02 times
24 Wed Apr 2024 11.61 11.55 to 11.82 -1.19% 0.6 times
23 Tue Apr 2024 11.75 11.60 to 11.79 1.38% 1.07 times
22 Mon Apr 2024 11.59 11.53 to 11.71 0.35% 0.98 times
19 Fri Apr 2024 11.55 11.35 to 11.55 0.87% 0.89 times
18 Thu Apr 2024 11.45 11.32 to 11.62 -1.46% 1.19 times
17 Wed Apr 2024 11.62 11.39 to 11.71 -0.34% 1.57 times
16 Tue Apr 2024 11.66 11.48 to 11.91 -1.44% 2.11 times

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MGIC NEWS why is Magic Software Enterprises Ltd. price falling or rising

 

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