MAGIC SOFTWARE ENTERPRISES (MGIC)
IL0010823123 - Common Stock
Overall MGIC gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MGIC is a bad performer.
When comparing the yearly performance of all stocks, MGIC is a bad performer in the overall market: 77% of all stocks are doing better.
In the last month MGIC has a been trading in the 11.48 - 12.99 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MGIC is an average performer in the Software industry, it outperforms 40% of 277 stocks in the same industry.
MGIC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGIC is lagging the market.
MGIC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.37
12.53
We found 2 important support areas.
- A support zone ranging from 11.81 to 11.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.47 to 10.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.30 to 12.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.28
Mansfield-0.77
10 Day High12.99
10 Day Low11.48
20 Day High12.99
20 Day Low11.48
52 Week High14.25
52 Week Low8.15
Performance
1 Week-4.19%
2 Weeks-1.08%
1 Month2.86%
3 Month6.45%
6 Month36.55%
12 Month-18.82%
2 Year-31.01%
3 Year-27.74%
5 Year39.44%
10 Year50%
15 Year748.57%
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)47.79
LBB11.5
UBB12.85
MAGIC SOFTWARE ENTERPRISES
NASDAQ:MGIC (5/17/2024, 7:12:58 PM)
11.88
+0.17 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.45%
1 Week-4.19%
2 Weeks-1.08%
1 Month2.86%
3 Month6.45%
6 Month36.55%
12 Month-18.82%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.31
ATR(20)%2.41%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.99
10 Day Low11.48
20 Day High12.99
20 Day Low11.48
52 Week High14.25
52 Week Low8.15
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume42.50K
Volume Incr48.35%
Vol(5)70.16K
Vol(50)64.82K