Technical Analysis for MGIC - Magic Software Enterprises Ltd.

Grade Last Price % Change Price Change
grade C 8.04 -0.12% -0.01
MGIC closed down 0.12 percent on Thursday, January 17, 2019, on 40 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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

Date Alert Name Type % Chg
Jan 17 Bearish Engulfing Bearish 0.00%
Jan 17 50 DMA Support Bullish 0.00%
Jan 17 MACD Bullish Centerline Cross Bullish 0.00%
Jan 17 Narrow Range Bar Range Contraction 0.00%
Jan 17 Overbought Stochastic Strength 0.00%
Jan 16 Crossed Above 50 DMA Bullish -0.12%
Jan 16 Hammer Candlestick Bullish -0.12%
Jan 16 Doji - Bullish? Reversal -0.12%
Jan 16 Outside Day Range Expansion -0.12%
Jan 16 Overbought Stochastic Strength -0.12%

Older signals for MGIC ...

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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.
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: 0 bullish, 1 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 9.2
52 Week Low 7.29
Average Volume 33,394
200-Day Moving Average 8.3857
50-Day Moving Average 8.0314
20-Day Moving Average 7.7995
10-Day Moving Average 7.924
Average True Range 0.2296
ADX 14.11
+DI 18.7016
-DI 20.2943
Chandelier Exit (Long, 3 ATRs ) 7.4112
Chandelier Exit (Short, 3 ATRs ) 7.9788
Upper Bollinger Band 8.141
Lower Bollinger Band 7.458
Percent B (%b) 0.85
BandWidth 8.756972
MACD Line 0.0105
MACD Signal Line -0.0405
MACD Histogram 0.051
Fundamentals Value
Market Cap 354.83 Million
Num Shares 44.1 Million
EPS 0.27
Price-to-Earnings (P/E) Ratio 29.78
Price-to-Sales 1.67
Price-to-Book 1.91
PEG Ratio 1.03
Dividend 0.26
Dividend Yield 3.23%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.17
Resistance 3 (R3) 8.17 8.13 8.15
Resistance 2 (R2) 8.13 8.10 8.13 8.14
Resistance 1 (R1) 8.09 8.08 8.07 8.08 8.13
Pivot Point 8.05 8.05 8.04 8.04 8.05
Support 1 (S1) 8.00 8.01 7.98 8.00 7.95
Support 2 (S2) 7.96 7.99 7.96 7.94
Support 3 (S3) 7.92 7.96 7.93
Support 4 (S4) 7.91