Magic Software (MGIC) Technical (Analysis) Reports Magic Software ["Technical Analysis"] Reports -USA Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Magic Software (MGIC)
Technical Analysis Report for USA stock MGIC Magic Software. Dated: 13 Dec 2024 Updated Daily. Stock trades under Technology Deals in Computer Software Prepackaged Software in USA stock exchange
If you are looking for Tomorrow's Movement Predictions for USA 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 12.31 and Closed at: 12.26, which is -0.33% of previous session's close. It moved within a range of 12.20 and 12.48
The session was a Bearish session with an average volume of 23364, which is 12.41% of previous session's volumes.
- Even though the stock has fallen, but its short term trend is positive and in an uptrend.
- Even though the stock has fallen, but its mid term trend is positive and in an uptrend.
A Golden cross was found 4 days back on mid term averages
Support for tomorrow is 12.09 and resistance for tomorrow is 12.37
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 12.15, 12.03 resistance for tomorrow's hourly charts is 12.43, 12.59
10 Day SMA for Magic Software (MGIC) is 11.85 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 11.49 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 11.38 and the stock is trading above these levels. This is a good sign for its mid to long term trend
100 Day SMA is 11.11 and the stock is trading above these levels. This is a good sign for its long term trend
200 Day SMA Magic Software is 11.15 and stock is trading above these levels. This is a good sign for its long term trend
20 DMA of Magic Software is at 11.49 and 200 DMA is at 11.15, while 50 DMA and 100 DMA are at 11.38 and 11.11 respectively
Magic Software (MGIC) moving average of 20 SMA is at 11.49 and 20 EMA is at 11.68
| Date | Closing Price | 20 SMA | 20 EMA |
| 13 Fri Dec | 12.26 | 11.49 | 11.68 |
| 12 Thu Dec | 12.30 | 11.41 | 11.62 |
| 11 Wed Dec | 12.61 | 11.35 | 11.55 |
| 10 Tue Dec | 12.51 | 11.27 | 11.44 |
| 09 Mon Dec | 12.86 | 11.2 | 11.33 |
| 26 Tue Nov | 11.24 | 11.12 | 11.17 |
Magic Software (MGIC) moving average of 50 SMA is at 11.38 and 50 EMA is at 11.37
| Date | Closing Price | 50 SMA | 50 EMA |
| 13 Fri Dec | 12.26 | 11.38 | 11.37 |
| 12 Thu Dec | 12.30 | 11.37 | 11.33 |
| 11 Wed Dec | 12.61 | 11.35 | 11.29 |
| 10 Tue Dec | 12.51 | 11.33 | 11.24 |
| 09 Mon Dec | 12.86 | 11.31 | 11.19 |
| 26 Tue Nov | 11.24 | 11.28 | 11.12 |
Magic Software (MGIC) moving average of 100 SMA is at 11.11 and 100 EMA is at 11.2
| Date | Closing Price | 100 SMA | 100 EMA |
| 13 Fri Dec | 12.26 | 11.11 | 11.2 |
| 12 Thu Dec | 12.30 | 11.1 | 11.18 |
| 11 Wed Dec | 12.61 | 11.09 | 11.16 |
| 10 Tue Dec | 12.51 | 11.07 | 11.13 |
| 09 Mon Dec | 12.86 | 11.05 | 11.1 |
| 26 Tue Nov | 11.24 | 11.03 | 11.06 |
Magic Software (MGIC) moving average of 200 SMA is at 11.15 and 200 EMA is at 11.15
| Date | Closing Price | 200 SMA | 200 EMA |
| 13 Fri Dec | 12.26 | 11.15 | 11.15 |
| 12 Thu Dec | 12.30 | 11.15 | 11.14 |
| 11 Wed Dec | 12.61 | 11.14 | 11.13 |
| 10 Tue Dec | 12.51 | 11.13 | 11.11 |
| 09 Mon Dec | 12.86 | 11.12 | 11.1 |
| 26 Tue Nov | 11.24 | 11.11 | 11.08 |
Magic Software has performed better than Standex International in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Synnex Corporation in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Hubspot Inc in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Evertec Inc in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Benchmark Electronics in short term. Holding Magic Software could be a better choice for now!
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Magic Software has performed better than Varonis Systems 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 Sify Technologies in short term. Holding Magic Software could be a better choice for now!
Microstrategy Incorporated has performed better than Magic Software in short term. You could have earned much better returns by investing in Microstrategy Incorporated, about 36.86% more returns!
Lattice Semiconductor has performed better than Magic Software in short term. You could have earned much better returns by investing in Lattice Semiconductor, about 1.21% more returns!
Innodata Inc has performed better than Magic Software in short term. You could have earned much better returns by investing in Innodata Inc, about 27.69% more returns!
Magic Software has performed better than Chipmos Technologies in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Digi International in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Cisco Systems in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Amtech Systems in short term. Holding Magic Software could be a better choice for now!
Magic Software has performed better than Appian Corporation in short term. Holding Magic Software could be a better choice for now!
Ambarella Inc has performed better than Magic Software in short term. You could have earned much better returns by investing in Ambarella Inc, about 3.98% more returns!
Magic Software has performed better than Applied Materials in short term. Holding Magic Software could be a better choice for now!
Magic Software Technical analysis of indicators
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.
ADX buy sell signal for Magic Software stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Magic Software in short term and the buy signal is strong.
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 above 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
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 12.17 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 positive
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 USA 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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