Technical Analysis for MGIC - Magic Software Enterprises Ltd.

Grade Last Price % Change Price Change
grade B 8.55 0.00% 0.00
MGIC closed up 1.66 percent on Thursday, March 21, 2019, on 49 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical MGIC trend table...

Date Alert Name Type % Chg
Mar 21 Crossed Above 200 DMA Bullish 0.00%
Mar 20 200 DMA Resistance Bearish 1.66%
Mar 20 50 DMA Support Bullish 1.66%
Mar 20 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.66%
Mar 19 Fell Below 200 DMA Bearish 1.79%
Mar 19 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.79%
Mar 19 Narrow Range Bar Range Contraction 1.79%
Mar 19 Inside Day Range Contraction 1.79%
Mar 19 Down 3 Days in a Row Weakness 1.79%
Mar 19 Down 4 Days in a Row Weakness 1.79%

Older signals for MGIC ...

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Profile
Magic Software Enterprises Ltd. develops, markets, and supports application platforms for software development and deployment, and offers information technology (IT) professional services. The company develops Magic xpa, an application platform for developing and deploying business applications; AppBuilder, an application platform for building, deploying, and maintaining large-scale and custom-built business applications; and Magic xpi, a platform for application integration. It also offers IT professional services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental staffing services. In addition, the company provides annual maintenance contracts; technical support; and training services, as well as consulting services in connection with installation assurance, application audits and performance enhancement, application migration, and application prototyping and design. Magic Software Enterprises Ltd. markets, sells, and supports its products through its branches and global marketing department, a channel-network of independent software vendors (ISVs), system integrators, value-added distributors and resellers, and original equipment manufacturers and consulting partners in approximately 50 countries worldwide. It serves finance, insurance, government, health care, logistics, manufacturing media, retail, and telecommunications industries. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.
Technology Information Technology Communications Services Software Development Software Vendors Telecommunications Industries Formula Systems
Is MGIC a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 9.25
52 Week Low 7.29
Average Volume 25,878
200-Day Moving Average 8.4104
50-Day Moving Average 8.3656
20-Day Moving Average 8.6345
10-Day Moving Average 8.493
Average True Range 0.2181
ADX 16.66
+DI 19.8729
-DI 26.1882
Chandelier Exit (Long, 3 ATRs ) 8.5957
Chandelier Exit (Short, 3 ATRs ) 8.8043
Upper Bollinger Band 9.0606
Lower Bollinger Band 8.2084
Percent B (%b) 0.4
BandWidth 9.869709
MACD Line 0.014
MACD Signal Line 0.0555
MACD Histogram -0.0415
Fundamentals Value
Market Cap 377.33 Million
Num Shares 44.1 Million
EPS 0.27
Price-to-Earnings (P/E) Ratio 31.67
Price-to-Sales 1.67
Price-to-Book 1.91
PEG Ratio 1.03
Dividend 0.26
Dividend Yield 3.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.81
Resistance 3 (R3) 8.78 8.66 8.76
Resistance 2 (R2) 8.66 8.60 8.68 8.75
Resistance 1 (R1) 8.61 8.56 8.64 8.64 8.73
Pivot Point 8.49 8.49 8.51 8.51 8.49
Support 1 (S1) 8.44 8.43 8.47 8.47 8.37
Support 2 (S2) 8.32 8.39 8.34 8.35
Support 3 (S3) 8.27 8.32 8.34
Support 4 (S4) 8.30