Overall MGIC gets a technical rating of 5 out of 10. Although MGIC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month MGIC has a been trading in the 20.49 - 28.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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 278 other stocks in this industry. MGIC outperforms 95% of them.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.62 to 21.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.09 from a trend line in the weekly time frame.
- Support @14.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.66 to 26.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MGIC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGIC is neutral. |
| ChartMill Relative Strength | 89.4 | POSITIVE | MGIC has a high relative strength, it outperformed 89.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGIC is below a declining 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) | 29.65 | OVERSOLD | The low RSI value suggests MGIC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests MGIC has a negative trend. |
| Stochastics (14,3) | 39.12 | NEUTRAL | The Stochastics value for MGIC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MGIC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for MGIC suggests a weak or negative trend. |
NASDAQ:MGIC (2/5/2026, 8:00:01 PM)
21.63
-0.26 (-1.19%)
MAGIC SOFTWARE ENTERPRISES / MGIC FAQ
Can you provide the ChartMill technical rating for MAGIC SOFTWARE ENTERPRISES?
ChartMill assigns a technical rating of 5 / 10 to MGIC.
Can you provide the trend direction for MAGIC SOFTWARE ENTERPRISES?
The current trend direction for MAGIC SOFTWARE ENTERPRISES (MGIC) is Bearish.
What is the RSI signal for MGIC stock?
MAGIC SOFTWARE ENTERPRISES (MGIC) has an RSI value of 29.6492. This indicates that the stock is currently oversold.
What is the MACD signal for MAGIC SOFTWARE ENTERPRISES (MGIC) stock?
The MACD indicator for MAGIC SOFTWARE ENTERPRISES (MGIC) has a value of -0.576638, indicating a bearish trend.