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 of Magic Software 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 Magic Software MGIC at this time. Stock is rising and might rise more.

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

Stock of Magic Software (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 Magic Software 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.

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: 12.51
  • 12Day Average: 11.7
  • 20Day Average: 11.49
  • 50Day Average: 11.38
  • 100Day Average: 11.11
  • 150Day Average: 11
  • 200Day Average: 11.15

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 Magic Software Enterprises Ltd. 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

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MGIC NEWS why is Magic Software Enterprises Ltd. price falling or rising

 

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