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Indicator Analysis of MagicSoftware

Tomorrow's movement Prediction of Magic Software MGIC appears to be in uptrend. But this trend seems to be weakening.

Price is below an important level of 10.66 on charts, and if price remains below this level, then stock might show a fall in short term.

Tomorrow's movement Prediction of Magic Software MGIC appears to be moving in a flat line. Not much is happening in the stock trend.

Tomorrow's movement Prediction of Magic Software MGIC appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

Tomorrow's movement Prediction of Magic Software MGIC is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 10.82

Munafa value: 25 as on Fri 06 September 2024

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

SMA20 is at 11 and price is deviating by 1 points

Upper Bollinger band is at 12 and lower is at 11, while middle bands are at 11 and 11

Price is coming down

Price is below 20day SMA

Price is in upper range of bands

Price action analysis of MagicSoftware (MGIC) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for MagicSoftware stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

MagicSoftware 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 coming down

CCI has generated a SELL signal for MagicSoftware in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Stock of MagicSoftware is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 10.72 and MagicSoftware 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 MagicSoftware MGIC stock. Volume based technical analysis of MagicSoftware MGIC stock is negative.

MagicSoftware 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.

DMA SMA EMA moving averages of Magic Software MGIC

DMA (daily moving average) of Magic Software MGIC

EMA (exponential moving average) of Magic Software MGIC

SMA (simple moving average) of Magic Software MGIC

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