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Magic Software Enterprises Ltd (MGIC)
NASDAQ:MGIC

Magic (MGIC) Technical Analysis

241 Followers

Technical Sentiment

Overall Consensus
Neutral
10Bullish
4Neutral
8Bearish
Technical Analysis Consensus
Buy
4Bullish
4Neutral
2Bearish
Moving Average Consensus
Neutral
6Bullish
0Neutral
6Bearish
Magic Software Enterprises Ltd’s (MGIC) Moving Averages Convergence Divergence (MACD) indicator is 0.14, suggesting Magic Software Enterprises Ltd is a Buy.
Magic Software Enterprises Ltd’s (MGIC) 20-Day exponential moving average is 11.57, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.56, making it a Sell.
Magic Software Enterprises Ltd’s (MGIC) 50-Day exponential moving average is 11.17, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.56, making it a Buy.

Magic (MGIC) Pivot Points

Apr 27, 2024, 10:31 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
11.16
11.24
11.29
11.37
11.42
11.50
11.55
Fibonacci
11.24
11.29
11.32
11.37
11.42
11.45
11.50
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

Apr 27, 2024, 10:31 AM
Period
Simple
Exponential
MA5
11.58Sell
11.56Sell
MA10
11.69Sell
11.63Sell
MA20
11.69Sell
11.57Sell
MA50
11.10Buy
11.17Buy
MA100
10.34Buy
10.90Buy
MA200
10.95Buy
11.30Buy
Magic Software Enterprises Ltd’s (MGIC) 10-Day exponential moving average is 11.63, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.56, making it a Sell.
Magic Software Enterprises Ltd’s (MGIC) 100-Day exponential moving average is 10.90, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.56, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.56 and Magic Software Enterprises Ltd’s (MGIC) 50-day simple moving average is 11.10, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.56 and Magic Software Enterprises Ltd’s (MGIC) 100-day simple moving average is 10.34, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.56 and Magic Software Enterprises Ltd’s (MGIC) 200-day simple moving average is 10.95, creating a Buy signal.

Magic (MGIC) Technical Indicators

Apr 27, 2024, 10:31 AM
Name
Value
Implied Action
RSI (14)
51.70
Neutral
STOCH (9,6)
15.51
Buy
STOCHRSI (14)
9.09
Buy
MACD (12,26)
0.14
Buy
ADX (14)
22.43
Neutral
Williams %R
-81.09
Buy
CCI (14)
-25.24
Neutral
ATR (14)
0.31
-
Ultimate Oscillator
44.11
Neutral
ROC
-3.02
Sell
Magic Software Enterprises Ltd’s (MGIC) Relative Strength Index (RSI) is 51.70, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Trend Strength Indicator (ADX) is 22.43, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Commodity Channel Index (CCI) is -25.24, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Price Rate of Change (ROC) is -3.02, creating a Sell signal.

FAQ

Is MGIC a Buy, Hold, or Sell?
Based on MGIC’s technical indicators, MGIC is a Hold.
    What is MGIC’s RSI (14)?
    MGIC’s RSI (14) is 51.70, which suggests MGIC is a Neutral.
      What is MGIC’s MACD?
      MGIC’s MACD is 0.14, which suggests MGIC is a Buy.
        What is MGIC’s 5-day moving average?
        MGIC’s 5-day moving average is 11.58, which suggests MGIC is a Sell.
          What is MGIC’s 20-day moving average?
          MGIC 20-day moving average is 11.69, which suggests MGIC is a Sell.
            What is MGIC’s 50-day moving average?
            MGIC’s 50-day moving average is 11.10, which suggests MGIC is a Buy.
              What is MGIC’s 200-day moving average?
              MGIC’s 200-day moving average is 10.95, which suggests MGIC is a Buy.
                What is MGIC’s Williams % R (14)?
                MGIC’s Williams % R (14) is -81.09, which suggests MGIC is a Buy.
                  What is MGIC’s CCI (14)?
                  MGIC’s CCI (14) is -25.24, which suggests MGIC is a Neutral.
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