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MAGIC SOFTWARE ENTERPRISES (MGIC) Stock Technical Analysis

USA - NASDAQ:MGIC - IL0010823123 - Common Stock

20.9 USD
+0.27 (+1.31%)
Last: 10/29/2025, 11:12:26 AM
Technical Rating and Analysis

9

Overall MGIC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MGIC has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MGIC is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by MGIC over the past year are nicely spread over this period.
MGIC is part of the Software industry. There are 285 other stocks in this industry. MGIC outperforms 79% of them.
MGIC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MGIC has a been trading in the 19.38 - 21.46 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
MAGIC SOFTWARE ENTERPRISES / MGIC Weekly stock chart
MAGIC SOFTWARE ENTERPRISES / MGIC Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, MGIC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGIC in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

14.04

21.90

We found 4 important support areas.

  • A support zone ranging from 19.90 to 20.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 19.11 to 19.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @18.80 from a horizontal line in the daily time frame.
  • Support @14.18 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 21.47 to 21.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MGIC is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for MGIC is neutral.
ChartMill Relative Strength89.46POSITIVEMGIC has a high relative strength, it outperformed 89.46% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of MGIC is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MGIC is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MGIC is above the rising SMA(200).
Relative Strength Index/RSI (14)53.72NEUTRALThe RSI value for MGIC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests MGIC has a negative trend, although the MACD value is rising.
Stochastics (14,3)57.71NEUTRALThe Stochastics value for MGIC is a neutral value.
Average True Range in percent/ATR (20)3.11MEDIUM VOLATILITYThe ATR as a percentage value for MGIC suggests some volalility.
Average Directional Index/ADX (14)13.13NEGATIVEThe low ADX value for MGIC suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
21.6919.891.80 (8.30%)12.05%
An entry @21.69. This is a Buy Stop order right above the resistance zone.An exit @19.89. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.80 points, which is 8.30%.For a 1.00% total portfolio risk, you can invest 12.05% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MAGIC SOFTWARE ENTERPRISES / MGIC Daily stock chart

MAGIC SOFTWARE ENTERPRISES

NASDAQ:MGIC (10/29/2025, 11:12:26 AM)

20.9

+0.27 (+1.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustrySoftware
Performance
% Chg1.31%
1 Week4.3%
2 Weeks-1.2%
1 Month1.08%
3 Month0.15%
6 Month44.98%
12 Month84.69%
2 Year105.89%
3 Year31.57%
5 Year63.99%
10 Year282.75%
15 Year658.46%
Volatility
ATR(14)0.61
ATR(20)%3.11%
ATR Inc-5.77%
Range Today0.29
ADR(20)0.56
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.46
3 months CRS26.72
6 months CRS85.44
Mansfield1.6
10 Day High21
10 Day Low19.38
20 Day High21.47
20 Day Low19.38
52 Week High22
52 Week Low10.42
CS1 End20.52
CR1 Start21.47
Volume & EV
DER(3)3.2%
DER(5)1.33%
Volume5.52K
Volume Incr-23.09%
Vol(5)20.92K
Vol(50)34.84K

MAGIC SOFTWARE ENTERPRISES / MGIC FAQ

Can you provide the ChartMill technical rating for MAGIC SOFTWARE ENTERPRISES?

ChartMill assigns a technical rating of 9 / 10 to MGIC.


What is the trend direction for MGIC stock?

The current trend direction for MAGIC SOFTWARE ENTERPRISES (MGIC) is Bullish.


What is the RSI signal for MGIC stock?

MAGIC SOFTWARE ENTERPRISES (MGIC) has an RSI value of 53.7225. This indicates that the stock is currently neutral.


What is the MACD signal for MGIC stock?

The MACD indicator for MAGIC SOFTWARE ENTERPRISES (MGIC) has a value of -0.00601225, indicating a bearish trend.


What is the support and resistance level for MGIC stock?

MAGIC SOFTWARE ENTERPRISES (MGIC) has a support level at 20.52 and a resistance level at 21.47. Check the full technical report for our detailed analysis of MGIC support and resistance levels.