Magic Software Enterprises Ltd (MGIC)
NASDAQ:MGIC
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Magic (MGIC) Technical Analysis

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Technical Sentiment

Overall Consensus
Strong Buy
15Bullish
4Neutral
3Bearish
Technical Analysis Consensus
Buy
4Bullish
4Neutral
2Bearish
Moving Average Consensus
Strong Buy
11Bullish
0Neutral
1Bearish
Magic Software Enterprises Ltd’s (MGIC) Moving Averages Convergence Divergence (MACD) indicator is 0.20, suggesting Magic Software Enterprises Ltd is a Sell.
Magic Software Enterprises Ltd’s (MGIC) 20-Day exponential moving average is 10.93, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.54, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) 50-Day exponential moving average is 10.78, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.54, making it a Buy.

Magic (MGIC) Pivot Points

Sep 20, 2024, 03:29 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
10.67
10.94
11.11
11.38
11.55
11.82
11.99
Fibonacci
10.94
11.10
11.21
11.38
11.54
11.65
11.82
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

Sep 20, 2024, 03:29 PM
Period
Simple
Exponential
MA5
11.43Sell
11.29Buy
MA10
10.99Buy
11.12Buy
MA20
10.85Buy
10.93Buy
MA50
10.80Buy
10.78Buy
MA100
10.79Buy
10.74Buy
MA200
10.65Buy
10.55Buy
Magic Software Enterprises Ltd’s (MGIC) 10-Day exponential moving average is 11.12, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.54, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) 100-Day exponential moving average is 10.74, while Magic Software Enterprises Ltd’s (MGIC) share price is $11.54, making it a Buy.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.54 and Magic Software Enterprises Ltd’s (MGIC) 50-day simple moving average is 10.80, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.54 and Magic Software Enterprises Ltd’s (MGIC) 100-day simple moving average is 10.79, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $11.54 and Magic Software Enterprises Ltd’s (MGIC) 200-day simple moving average is 10.65, creating a Buy signal.

Magic (MGIC) Technical Indicators

Sep 20, 2024, 03:29 PM
Name
Value
Implied Action
RSI (14)
59.22
Neutral
STOCH (9,6)
78.81
Neutral
STOCHRSI (14)
78.81
Neutral
MACD (12,26)
0.20
Sell
ADX (14)
17.43
Buy
Williams %R
-27.81
Buy
CCI (14)
114.39
Sell
ATR (14)
0.30
-
Ultimate Oscillator
58.60
Neutral
ROC
5.20
Buy
Magic Software Enterprises Ltd’s (MGIC) Relative Strength Index (RSI) is 59.22, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Trend Strength Indicator (ADX) is 17.43, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) Commodity Channel Index (CCI) is 114.39, creating a Sell signal.
Magic Software Enterprises Ltd’s (MGIC) Price Rate of Change (ROC) is 5.20, creating a Buy signal.

FAQ

Is MGIC a Buy, Hold, or Sell?
Based on MGIC’s technical indicators, MGIC is a Strong Buy.
    What is MGIC’s RSI (14)?
    MGIC’s RSI (14) is 59.22, which suggests MGIC is a Neutral.
      What is MGIC’s MACD?
      MGIC’s MACD is 0.20, which suggests MGIC is a Sell.
        What is MGIC’s 5-day moving average?
        MGIC’s 5-day moving average is 11.43, which suggests MGIC is a Sell.
          What is MGIC’s 20-day moving average?
          MGIC 20-day moving average is 10.85, which suggests MGIC is a Buy.
            What is MGIC’s 50-day moving average?
            MGIC’s 50-day moving average is 10.80, which suggests MGIC is a Buy.
              What is MGIC’s 200-day moving average?
              MGIC’s 200-day moving average is 10.65, which suggests MGIC is a Buy.
                What is MGIC’s Williams % R (14)?
                MGIC’s Williams % R (14) is -27.81, which suggests MGIC is a Buy.
                  What is MGIC’s CCI (14)?
                  MGIC’s CCI (14) is 114.39, which suggests MGIC is a Sell.
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