MAGIC SOFTWARE ENTERPRISES (MGIC) Stock Technical Analysis
NASDAQ:MGIC - Nasdaq - IL0010823123 - Common Stock - Currency: USD
Overall MGIC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGIC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MGIC is one of the better performing stocks in the market, outperforming 93% of all stocks.
MGIC is part of the Software industry. There are 283 other stocks in this industry. MGIC outperforms 84% of them.
MGIC is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MGIC is leading the market.
In the last month MGIC has a been trading in the 13.03 - 15.94 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MGIC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.23
16.31
We found 6 important support areas.
- A support zone ranging from 15.82 to 15.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.63 to 13.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.98 from a trend line in the daily time frame.
- A support zone ranging from 12.57 to 12.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.68 from a horizontal line in the daily time frame.
- A support zone ranging from 11.34 to 11.49. This zone is formed by a combination of multiple trend lines 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
CRS93.06
Mansfield2.78
10 Day High15.94
10 Day Low13.64
20 Day High15.94
20 Day Low13.03
52 Week High15.94
52 Week Low9.51
Performance
1 Week10.66%
2 Weeks11.28%
1 Month19.06%
3 Month23.81%
6 Month38.66%
12 Month33.29%
2 Year32.73%
3 Year-8.04%
5 Year55.7%
10 Year144.37%
15 Year606.92%
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)0.19
RSI(14)75.28
LBB13.01
UBB15.95
16.15
+0.31 (+1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.96%
1 Week10.66%
2 Weeks11.28%
1 Month19.06%
3 Month23.81%
6 Month38.66%
12 Month33.29%
2 Year32.73%
3 Year-8.04%
5 Year55.7%
10 Year144.37%
15 Year606.92%
Volatility
ATR(14)0.37
ATR(20)%2.32%
ATR Inc-9.15%
Range Today0.62
ADR(20)0.28
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.06
Mansfield2.78
10 Day High15.94
10 Day Low13.64
20 Day High15.94
20 Day Low13.03
52 Week High15.94
52 Week Low9.51
CS1 End13.7
CR1 StartN/A
Volume & EV
DER(3)-2.39%
DER(5)0.41%
Volume131.07K
Volume Incr88.98%
Vol(5)59.50K
Vol(50)82.26K