Technical Analysis for MGIC - Magic Software Enterprises Ltd.

Grade Last Price % Change Price Change
D 15.99 0.06% 0.01
MGIC closed up 0.06 percent on Tuesday, April 13, 2021, on 1.46 times normal volume.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up
Historical MGIC trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.06%
Narrow Range Bar Range Contraction 0.06%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.37%
MACD Bullish Signal Line Cross Bullish -0.37%
Narrow Range Bar Range Contraction -0.37%
NR7 Range Contraction -0.37%
NR7-2 Range Contraction -0.37%
Inside Day Range Contraction -0.37%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.50%
Older End-of-Day Signals for MGIC ...

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Alert Time
Non-ADX 1,2,3,4 Bearish Retracement Entry about 18 hours ago
Fell Below Previous Day's Low about 18 hours ago
60 Minute Opening Range Breakout about 19 hours ago
2x Volume Pace about 20 hours ago
1.5x Volume Pace about 20 hours ago
View Earlier Intraday Alerts

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Magic Software Enterprises Ltd. Description

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.


Sector: Technology
Industry: Software - Application
Keywords: Software Development System Integrators Communications Services Staffing Services Implementation Services Software Vendors Communications Industries Telecommunications Industries Offers Information Technology Formula Systems Application Platforms Channel Network

Is MGIC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 18.354
52 Week Low 8.36
Average Volume 48,940
200-Day Moving Average 14.59
50-Day Moving Average 16.42
20-Day Moving Average 16.11
10-Day Moving Average 15.80
Average True Range 0.44
ADX 18.2
+DI 17.58
-DI 25.05
Chandelier Exit (Long, 3 ATRs ) 16.15
Chandelier Exit (Short, 3 ATRs ) 16.50
Upper Bollinger Band 17.10
Lower Bollinger Band 15.12
Percent B (%b) 0.44
BandWidth 12.26
MACD Line -0.14
MACD Signal Line -0.17
MACD Histogram 0.0254
Fundamentals Value
Market Cap 783.14 Million
Num Shares 49 Million
EPS 0.33
Price-to-Earnings (P/E) Ratio 48.02
Price-to-Sales 2.27
Price-to-Book 3.28
PEG Ratio 1.08
Dividend 0.26
Dividend Yield 1.63%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.23
Resistance 3 (R3) 16.23 16.14 16.19
Resistance 2 (R2) 16.14 16.08 16.15 16.18
Resistance 1 (R1) 16.07 16.04 16.11 16.07 16.16
Pivot Point 15.98 15.98 16.00 15.99 15.98
Support 1 (S1) 15.91 15.92 15.95 15.91 15.82
Support 2 (S2) 15.82 15.88 15.83 15.80
Support 3 (S3) 15.75 15.82 15.79
Support 4 (S4) 15.75