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(MGIC) Magic Software complete technical analysis [charts+indicators] | Buy/Sell Magic Software | (MGIC) share price targets

Complete technical analysis of Magic Software (MGIC) by charts plus indicators, forecast predictions and share price targets for Magic Software (MGIC)

Magic Software trades in USA in Technology sector.

Showing technical analysis as on 2025-09-03 View latest technical analysis

10 day averaged volume of Magic Software is 35810

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Sep 2025	19.48	19.33	19.48	19.11	2.061 times
02 Tue Sep 2025	19.30	19.56	19.62	19.10	1.891 times
29 Fri Aug 2025	20.30	20.35	20.85	20.19	0.695 times
29 Fri Aug 2025	20.30	20.35	20.85	20.19	0.695 times
28 Thu Aug 2025	20.48	20.28	20.68	20.28	0.771 times
27 Wed Aug 2025	20.32	20.53	20.53	20.27	0.899 times
26 Tue Aug 2025	20.51	20.38	20.91	20.36	1.29 times
25 Mon Aug 2025	20.47	20.59	20.87	20.37	1.1 times
22 Fri Aug 2025	20.39	19.79	20.55	19.79	0.796 times
21 Thu Aug 2025	19.85	19.75	19.96	19.64	0.458 times

Stock of Magic Software (MGIC) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.6, but if it comes above 19.6, then a intra day buy could be more profitable.
If you take a sell trade below 19.6, then use 19.6 as stoploss and 19 as target. However if you take a buy trade in stock , then use 19.6 as stoploss and 20.04 as target.

Share price targets for Magic Software (MGIC)

Target Type	Value
Downside Target	13.64
Downside Target	15.02
Downside Target	16.50
Downside Target	18.57
Downside Target	19.10
Upside Target	20.19
Upside Target	20.56
Upside Target	20.85
Upside Target	20.91
Upside Target	21.01
Upside Target	22.00

Intraday share price targets for Magic Software (MGIC)

Target Type	Value
Downside Intraday Target	19.18
Downside Intraday Target	18.88
Upside Intraday Target	19.7
Upside Intraday Target	19.92
Downside Intraday Target	19.4

Weekly technical analysis of Magic Software (MGIC)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Sep 2025	19.48	19.56	19.62	19.10	5.683 times
29 Fri Aug 2025	20.30	20.35	20.85	20.19	0.146 times
29 Fri Aug 2025	20.30	20.59	20.91	20.19	1.03 times
22 Fri Aug 2025	20.39	20.41	20.56	19.58	0.546 times
15 Fri Aug 2025	20.36	19.74	20.85	18.57	1.325 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magic Software (MGIC)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Sep 2025	19.48	19.56	19.62	19.10	0.149 times
29 Fri Aug 2025	20.30	20.37	21.01	18.57	0.572 times
31 Thu Jul 2025	20.71	19.31	22.00	19.20	1.559 times
30 Mon Jun 2025	19.12	15.60	19.38	15.02	0.848 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Magic Software (MGIC)

Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Magic Software ( (MGIC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Magic Software ( (MGIC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Magic Software ( (MGIC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Magic Software stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Magic Software in short term but the sell signal is initial and weak.

Magic Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Magic Software in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Magic Software is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.01 and Magic Software (MGIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.