Magic Software Enterprises Ltd (MGIC)
NASDAQ:MGIC

Magic (MGIC) Technical Analysis

264 Followers

Technical Sentiment

Overall Consensus
Buy
14Bullish
3Neutral
5Bearish
Technical Analysis Consensus
Sell
2Bullish
3Neutral
5Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Magic Software Enterprises Ltd’s (MGIC) Moving Averages Convergence Divergence (MACD) indicator is 0.33, suggesting Magic Software Enterprises Ltd is a Sell.
Magic Software Enterprises Ltd’s (MGIC) 20-Day exponential moving average is 11.05, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.68, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) 50-Day exponential moving average is 10.84, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.68, making it a Buy.

Magic (MGIC) Pivot Points

Jul 27, 2024, 07:20 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
11.31
11.41
11.56
11.66
11.81
11.91
12.06
Fibonacci
11.41
11.50
11.56
11.66
11.75
11.81
11.91
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Magic (MGIC) Moving Averages

Jul 27, 2024, 07:20 PM
Period
Simple
Exponential
MA5
11.61Buy
11.57Buy
MA10
11.34Buy
11.36Buy
MA20
10.88Buy
11.05Buy
MA50
10.62Buy
10.84Buy
MA100
11.05Buy
10.83Buy
MA200
10.43Buy
10.63Buy
Magic Software Enterprises Ltd’s (MGIC) 10-Day exponential moving average is 11.36, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.68, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) 100-Day exponential moving average is 10.83, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.68, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.68 and Magic Software Enterprises Ltd’s (MGIC) 50-day simple moving average is 10.62, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.68 and Magic Software Enterprises Ltd’s (MGIC) 100-day simple moving average is 11.05, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.68 and Magic Software Enterprises Ltd’s (MGIC) 200-day simple moving average is 10.43, creating a Buy signal.

Magic (MGIC) Technical Indicators

Jul 27, 2024, 07:20 PM
Name
Value
Implied Action
RSI (14)
65.94
Neutral
STOCH (9,6)
86.83
Sell
STOCHRSI (14)
91.53
Sell
MACD (12,26)
0.33
Sell
ADX (14)
22.52
Neutral
Williams %R
-10.23
Sell
CCI (14)
115.57
Sell
ATR (14)
0.28
-
Ultimate Oscillator
56.30
Neutral
ROC
8.15
Buy
Magic Software Enterprises Ltd’s (MGIC) Relative Strength Index (RSI) is 65.94, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Trend Strength Indicator (ADX) is 22.52, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Commodity Channel Index (CCI) is 115.57, creating a Sell signal.
Magic Software Enterprises Ltd’s (MGIC) Price Rate of Change (ROC) is 8.15, creating a Buy signal.

FAQ

Is MGIC a Buy, Hold, or Sell?
Based on MGIC’s technical indicators, MGIC is a Buy.
    What is MGIC’s RSI (14)?
    MGIC’s RSI (14) is 65.94, which suggests MGIC is a Neutral.
      What is MGIC’s MACD?
      MGIC’s MACD is 0.33, which suggests MGIC is a Sell.
        What is MGIC’s 5-day moving average?
        MGIC’s 5-day moving average is 11.61, which suggests MGIC is a Buy.
          What is MGIC’s 20-day moving average?
          MGIC 20-day moving average is 10.88, which suggests MGIC is a Buy.
            What is MGIC’s 50-day moving average?
            MGIC’s 50-day moving average is 10.62, which suggests MGIC is a Buy.
              What is MGIC’s 200-day moving average?
              MGIC’s 200-day moving average is 10.43, which suggests MGIC is a Buy.
                What is MGIC’s Williams % R (14)?
                MGIC’s Williams % R (14) is -10.23, which suggests MGIC is a Sell.
                  What is MGIC’s CCI (14)?
                  MGIC’s CCI (14) is 115.57, which suggests MGIC is a Sell.
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