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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 for Magic Software Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Magic Software MGIC at this time. Stock is falling and might fall more.

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

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

My analysis of Magic Software is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Magic Software stays below 23, but if it comes above 23, then a intra day buy could be more profitable.
If you take a sell trade below 23, then use 23 as stoploss and 20.6 as target. However if you take a buy trade in Magic Software, then use 23 as stoploss and 25.07 as target.

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: 22.99
  • 12Day Average: 25.08
  • 20Day Average: 25.82
  • 50Day Average: 25.9
  • 100Day Average: 23.47
  • 150Day Average: 22.46
  • 200Day Average: 20.84

MGIC Indicators & signals

Indicator MACD (12,26,9)

24.36, 25.29, -0.31
Indicator MACD is in negative zone

Indicator ADX (14)

46.48, 17.59, 48.15
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
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
09 Mon Feb 2026 22.45 22.05 to 22.59 2.75% 1.07 times
06 Fri Feb 2026 21.85 21.59 to 22.28 1.02% 0.69 times
05 Thu Feb 2026 21.63 21.39 to 22.19 -1.19% 1.16 times
04 Wed Feb 2026 21.89 20.49 to 22.83 -19.25% 4.87 times
03 Tue Feb 2026 27.11 26.59 to 27.11 2.5% 0.46 times
02 Mon Feb 2026 26.45 26.25 to 26.75 2.96% 0.77 times
30 Fri Jan 2026 25.69 25.60 to 26.05 -1.5% 0.41 times
29 Thu Jan 2026 26.08 25.63 to 26.30 -1.99% 0.4 times
28 Wed Jan 2026 26.61 26.29 to 26.62 -1.26% 0.47 times
27 Tue Jan 2026 26.95 26.51 to 26.97 -1.14% 0.37 times
26 Mon Jan 2026 27.26 26.87 to 27.35 1.08% 0.41 times
23 Fri Jan 2026 26.97 26.60 to 26.97 1.2% 0.49 times

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