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: 10.71
  • 12Day Average: 10.58
  • 20Day Average: 10.77
  • 50Day Average: 11.45
  • 100Day Average: 11.26
  • 150Day Average: 10.7

MGIC Indicators & signals

Indicator MACD (12,26,9)

10.72, 10.99, -0.31
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 25, 28.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
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
14 Fri Jun 2024 10.70 10.63 to 10.81 -0.74% 0.44 times
13 Thu Jun 2024 10.78 10.69 to 10.84 0.28% 0.66 times
12 Wed Jun 2024 10.75 10.73 to 10.83 0.66% 0.99 times
11 Tue Jun 2024 10.68 10.55 to 10.71 0.19% 0.43 times
10 Mon Jun 2024 10.66 10.14 to 10.70 3.39% 1.19 times
07 Fri Jun 2024 10.31 10.31 to 10.44 -0.29% 1.33 times
06 Thu Jun 2024 10.34 10.28 to 10.40 -1.05% 1.3 times
05 Wed Jun 2024 10.45 10.27 to 10.47 -0.1% 1.01 times
04 Tue Jun 2024 10.46 10.41 to 10.58 -0.57% 0.93 times
03 Mon Jun 2024 10.52 10.52 to 10.81 -1.03% 1.5 times
31 Fri May 2024 10.63 10.60 to 10.73 -0.65% 0.65 times
30 Thu May 2024 10.70 10.61 to 10.80 0.09% 0.77 times

Technical analysis forecast for MGIC 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 MGIC MGIC at this time. Stock is falling and might fall more.

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

Stock of MGIC (MGIC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of MGIC is bearish for shortterm, and stock might move down till 10.5 or till 10. Use a stoploss of 10.87 and if the stock hits stoploss, then it can shoot up till 11.29

Tomorrow's movement Prediction of MGIC appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock. If it shows signs of weakness in the latter half, then this trend can continue tomorrow as well. Similarly, if it shows signs of strength in the latter half, then this trend can continue in the next trading session as well.

Tomorrow's movement Prediction of MGIC is strongly bearish. It has broken a strong support of 11 and is expected to move down further.

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 10.56

Munafa value: 41

 Munafa value: 41

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.

Videos related to: USA Stock MGIC Historical charts - Share Magic Software Enterprises Ltd.

 Videos related to: USA Stock MGIC Historical charts - Share Magic Software Enterprises Ltd.

Hindi Basics How To Trade In FnO Futures Options Stock Market

Hindi Video What Is Needed To Succeed In Stock Markets

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

 

Back to top