USA - NASDAQ:MGIC - IL0010823123 - Common Stock
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.
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.
14.04
We found 4 important support areas.
When analyzing the resistance we notice one important area.
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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MGIC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGIC is neutral. |
| ChartMill Relative Strength | 89.46 | POSITIVE | MGIC has a high relative strength, it outperformed 89.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.72 | NEUTRAL | The RSI value for MGIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MGIC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.71 | NEUTRAL | The Stochastics value for MGIC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MGIC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for MGIC suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.69 | 19.89 | 1.80 (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. |
NASDAQ:MGIC (10/29/2025, 11:12:26 AM)
20.9
+0.27 (+1.31%)
ChartMill assigns a technical rating of 9 / 10 to MGIC.
The current trend direction for MAGIC SOFTWARE ENTERPRISES (MGIC) is Bullish.
MAGIC SOFTWARE ENTERPRISES (MGIC) has an RSI value of 53.7225. This indicates that the stock is currently neutral.
The MACD indicator for MAGIC SOFTWARE ENTERPRISES (MGIC) has a value of -0.00601225, indicating a bearish trend.
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.