Munafa technical analysis Magic Software Enterprises Ltd. MGIC technical analysis buy or sell

Munafa technical analysis Magic Software Enterprises Ltd. MGIC technical analysis buy or sell Analysis of Magic Software Enterprises Ltd. MGIC to buy or sell for Daily, weekly or monthly

Date Close Open High Low
03 Fri May 12.01 11.97 12.09 11.92
02 Thu May 11.90 11.80 11.92 11.60
01 Wed May 11.72 11.77 11.78 11.58
30 Tue Apr 11.81 11.84 11.86 11.71
29 Mon Apr 11.91 11.75 11.93 11.70

Stock of Magic Software Enterprises Ltd. closed at 12.01 and it opened at 11.97
It moved inside a range of 11.92 and 12.09

52 week High is 13.89 and 52 week Low is 8.15
Financial Year High is 12.27 and Low is 11.32
This year High is 12.55 and Low is 9.38

Magic Software Enterprises Ltd. MGIC Daily Analysis to buy or sell

As per my analysis of Magic Software Enterprises Ltd. MGIC, 12 day returns for Magic Software Enterprises Ltd. MGIC have been positive, with total returns of 0.56, which is 4.89% with investment starting at 11.45.
An investment of 100,000 bucks in Magic Software Enterprises Ltd. would have become 104890 bucks today.

Magic Software Enterprises Ltd. MGIC moves in a range of 0.1 points on a day to day basis. This means that a total of approx 0.1 plus points of returns can be expected in a bullish day, and a total of 0.1 minus points can be expected in a bearish day.
This is about 0.83% of returns per day.

Magic Software Enterprises Ltd. Munafa analysis, looking for Trend and BUY or SELL opportunities.

 Magic Software Enterprises Ltd. Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is 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 Enterprises Ltd. MGIC at this time.

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

Stock of Magic Software Enterprises Ltd. (MGIC) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might move higher!

My analysis of Magic Software Enterprises Ltd. is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Magic Software Enterprises Ltd. stays above 11.9, but if it comes below 11.9, then a intra day sell could be more profitable.
If you take a sell trade below 11.9, then use 11.9 as stoploss and 11.74 as target. However if you take a buy trade in Magic Software Enterprises Ltd., then use 11.9 as stoploss and 12.1 as target.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of Magic Software Enterprises Ltd. MGIC

 Daily Candle Stick analysis of Magic Software Enterprises Ltd. MGIC

Candle stick analysis of Magic Software Enterprises Ltd. as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 1.4 HC: 0.7 LC: 0.8 OC: 1

Magic Software Enterprises Ltd. is moving towards a high expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 02 Thu May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 2.8 HC: 0.2 LC: 2.6 OC: 1

Magic Software Enterprises Ltd. is moving towards a high expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 01 Wed May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 1.7 HC: 0.5 LC: 1.2 OC: 0.1

Magic Software Enterprises Ltd. is moving towards a high expiry

Magic Software Enterprises Ltd. is forming a DOJI candle

Candle stick analysis of Magic Software Enterprises Ltd. as on 30 Tue Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 1.3 HC: 0.4 LC: 0.9 OC: 0.2

Magic Software Enterprises Ltd. is moving towards a high expiry

Magic Software Enterprises Ltd. is forming a DOJI candle

Candle stick analysis of Magic Software Enterprises Ltd. as on 29 Mon Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 2 HC: 0.2 LC: 1.8 OC: 1.5

Magic Software Enterprises Ltd. is moving towards a high expiry

Magic Software Enterprises Ltd. MGIC Weekly Analysis to buy or sell

As per my analysis of Magic Software Enterprises Ltd. MGIC, 12 week returns for Magic Software Enterprises Ltd. MGIC have been positive, with total returns of 0.84, which is 7.52% with investment starting at 11.17.
An investment of 100,000 bucks in Magic Software Enterprises Ltd. would have become 107520 bucks today.

Magic Software Enterprises Ltd. MGIC moves in a range of 0.4 points on a week to week basis. This means that a total of approx 0.4 plus points of returns can be expected in a bullish week, and a total of 0.4 minus points can be expected in a bearish week.
This is about 3.33% of returns per week.

Weekly Candle Stick analysis of Magic Software Enterprises Ltd. MGIC

 Weekly Candle Stick analysis of Magic Software Enterprises Ltd. MGIC

Candle stick analysis of Magic Software Enterprises Ltd. as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 4.4 HC: 0.7 LC: 3.7 OC: 2.9

Magic Software Enterprises Ltd. is moving towards a high expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 26 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 2.8 HC: 1.6 LC: 1.2 OC: 1.9

Magic Software Enterprises Ltd. is moving towards a low expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 19 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 5.5 HC: 3.4 LC: 2 OC: 0.3

Magic Software Enterprises Ltd. is moving towards a low expiry

Magic Software Enterprises Ltd. is forming a DOJI candle

Candle stick analysis of Magic Software Enterprises Ltd. as on 12 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 6.5 HC: 4.5 LC: 1.9 OC: 5.8

Magic Software Enterprises Ltd. is moving towards a low expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 05 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 6.1 HC: 6.1 LC: 0 OC: 1.4

Magic Software Enterprises Ltd. is moving towards a low expiry

Magic Software Enterprises Ltd. MGIC Monthly Analysis to buy or sell

As per my analysis of Magic Software Enterprises Ltd. MGIC, 12 month returns for Magic Software Enterprises Ltd. MGIC have been negative, with total returns of -1.29, which is -9.7% with investment starting at 13.30.
An investment of 100,000 bucks in Magic Software Enterprises Ltd. would have become 90300 bucks today.

Magic Software Enterprises Ltd. MGIC moves in a range of 0.8 points on a month to month basis. This means that a total of approx 0.8 plus points of returns can be expected in a bullish month, and a total of 0.8 minus points can be expected in a bearish month.
This is about 6.66% of returns per month.

Monthly Candle Stick analysis of Magic Software Enterprises Ltd. MGIC

 Monthly Candle Stick analysis of Magic Software Enterprises Ltd. MGIC

Candle stick analysis of Magic Software Enterprises Ltd. as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 4.4 HC: 0.7 LC: 3.7 OC: 2.9

Magic Software Enterprises Ltd. is moving towards a high expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 8.4 HC: 5.4 LC: 2.8 OC: 3.5

Magic Software Enterprises Ltd. is moving towards a low expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 28 Thu Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 20.4 HC: 9.6 LC: 9.9 OC: 13.1

Magic Software Enterprises Ltd. is moving towards a high expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 29 Thu Feb 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 14.1 HC: 1.5 LC: 12.4 OC: 7.3

Magic Software Enterprises Ltd. is moving towards a high expiry

Candle stick analysis of Magic Software Enterprises Ltd. as on 26 Fri Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Magic Software Enterprises Ltd. are:
HL: 15.8 HC: 2.7 LC: 12.8 OC: 12.7

Magic Software Enterprises Ltd. is moving towards a high expiry

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Munafa technical analysis Magic Software Enterprises Ltd. MGIC technical analysis buy or sell

 

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