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

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Technical Sentiment

Overall Consensus
Sell
4Bullish
5Neutral
13Bearish
Technical Analysis Consensus
Neutral
3Bullish
5Neutral
2Bearish
Moving Average Consensus
Strong Sell
1Bullish
0Neutral
11Bearish
Magic Software Enterprises Ltd’s (MGIC) Moving Averages Convergence Divergence (MACD) indicator is -0.04, suggesting Magic Software Enterprises Ltd is a Buy.
Magic Software Enterprises Ltd’s (MGIC) 20-Day exponential moving average is 11.13, while Magic Software Enterprises Ltd’s (MGIC) share price is $10.99, making it a Sell.
Magic Software Enterprises Ltd’s (MGIC) 50-Day exponential moving average is 11.13, while Magic Software Enterprises Ltd’s (MGIC) share price is $10.99, making it a Sell.

Magic (MGIC) Pivot Points

Nov 23, 2024, 03:47 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
10.59
10.75
10.84
11.00
11.09
11.25
11.34
Fibonacci
10.75
10.85
10.91
11.00
11.10
11.16
11.25
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

Nov 23, 2024, 03:47 AM
Period
Simple
Exponential
MA5
11.06Sell
11.04Sell
MA10
11.15Sell
11.09Sell
MA20
11.13Sell
11.13Sell
MA50
11.30Sell
11.13Sell
MA100
11.01Sell
11.03Sell
MA200
11.00Sell
10.86Buy
Magic Software Enterprises Ltd’s (MGIC) 10-Day exponential moving average is 11.09, while Magic Software Enterprises Ltd’s (MGIC) share price is $10.99, making it a Sell.
Magic Software Enterprises Ltd’s (MGIC) 100-Day exponential moving average is 11.03, while Magic Software Enterprises Ltd’s (MGIC) share price is $10.99, making it a Sell.
Magic Software Enterprises Ltd’s (MGIC) stock price is $10.99 and Magic Software Enterprises Ltd’s (MGIC) 50-day simple moving average is 11.30, creating a Sell signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $10.99 and Magic Software Enterprises Ltd’s (MGIC) 100-day simple moving average is 11.01, creating a Sell signal.
Magic Software Enterprises Ltd’s (MGIC) stock price is $10.99 and Magic Software Enterprises Ltd’s (MGIC) 200-day simple moving average is 11.00, creating a Sell signal.

Magic (MGIC) Technical Indicators

Nov 23, 2024, 03:47 AM
Name
Value
Implied Action
RSI (14)
46.49
Neutral
STOCH (9,6)
34.61
Neutral
STOCHRSI (14)
43.99
Neutral
MACD (12,26)
-0.04
Buy
ADX (14)
13.65
Buy
Williams %R
-53.28
Buy
CCI (14)
-58.07
Neutral
ATR (14)
0.34
-
Ultimate Oscillator
46.55
Neutral
ROC
-1.61
Sell
Magic Software Enterprises Ltd’s (MGIC) Relative Strength Index (RSI) is 46.49, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Trend Strength Indicator (ADX) is 13.65, creating a Buy signal.
Magic Software Enterprises Ltd’s (MGIC) Commodity Channel Index (CCI) is -58.07, creating a Neutral signal.
Magic Software Enterprises Ltd’s (MGIC) Price Rate of Change (ROC) is -1.61, creating a Sell signal.

FAQ

Is MGIC a Buy, Hold, or Sell?
Based on MGIC’s technical indicators, MGIC is a Sell.
    What is MGIC’s RSI (14)?
    MGIC’s RSI (14) is 46.49, which suggests MGIC is a Neutral.
      What is MGIC’s MACD?
      MGIC’s MACD is -0.04, which suggests MGIC is a Buy.
        What is MGIC’s 5-day moving average?
        MGIC’s 5-day moving average is 11.06, which suggests MGIC is a Sell.
          What is MGIC’s 20-day moving average?
          MGIC 20-day moving average is 11.13, which suggests MGIC is a Sell.
            What is MGIC’s 50-day moving average?
            MGIC’s 50-day moving average is 11.30, which suggests MGIC is a Sell.
              What is MGIC’s 200-day moving average?
              MGIC’s 200-day moving average is 11.00, which suggests MGIC is a Sell.
                What is MGIC’s Williams % R (14)?
                MGIC’s Williams % R (14) is -53.28, which suggests MGIC is a Buy.
                  What is MGIC’s CCI (14)?
                  MGIC’s CCI (14) is -58.07, which suggests MGIC is a Neutral.
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