USA Stock MGIC Historical charts - Magic Software Enterprises Ltd.

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

Moving Averages for

  • 5Day Average: 12.51
  • 12Day Average: 11.7
  • 20Day Average: 11.49
  • 50Day Average: 11.38
  • 100Day Average: 11.11
  • 150Day Average: 11

MGIC Indicators & signals

Indicator MACD (12,26,9)

11.9, 11.59, 0.17
Indicator MACD is in positive zone

Indicator ADX (14)

16.67, 33.33, 23.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 64
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
13 Fri Dec 2024 12.26 12.20 to 12.48 -0.33% 0.73 times
12 Thu Dec 2024 12.30 12.30 to 12.65 -2.46% 0.64 times
11 Wed Dec 2024 12.61 12.52 to 12.81 0.8% 2.03 times
10 Tue Dec 2024 12.51 12.35 to 12.82 -2.72% 1.11 times
09 Mon Dec 2024 12.86 12.78 to 12.97 14.41% 2.15 times
26 Tue Nov 2024 11.24 11.12 to 11.44 0% 0.44 times
26 Tue Nov 2024 11.24 11.12 to 11.44 -1.92% 0.44 times
25 Mon Nov 2024 11.46 11.20 to 11.50 4.28% 1.25 times
22 Fri Nov 2024 10.99 10.93 to 11.08 0% 0.41 times
21 Thu Nov 2024 10.99 10.83 to 11.12 0.64% 0.58 times
20 Wed Nov 2024 10.92 10.92 to 11.17 -0.36% 0.96 times
19 Tue Nov 2024 10.96 10.79 to 11.18 -0.45% 0.95 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, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of MGIC is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 12.3 as stoploss in an intra day sell trade for a target of 11.68. However, stock will show a bullish move above 12.3.

Tomorrow's movement Prediction of MGIC is bullish. The stock is trading above weekly resistance and downside can only be expected once it trades below 11.34

Munafa value: 60

 Munafa value: 60

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

 

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