Technical Analysis for MGIC - Magic Software Enterprises Ltd.

Grade Last Price % Change Price Change
grade C 9.18 1.77% 0.16
MGIC closed up 1.77 percent on Tuesday, September 17, 2019, on 1.12 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Fell Below 20 DMA Bearish 1.77%
Fell Below 50 DMA Bearish 1.77%
Crossed Above 20 DMA Bullish -1.08%
Outside Day Range Expansion -1.08%
Fell Below 20 DMA Bearish -0.11%
MACD Bearish Signal Line Cross Bearish -0.11%
Narrow Range Bar Range Contraction -2.34%
NR7 Range Contraction -2.34%

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: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.2
52 Week Low 7.29
Average Volume 40,196
200-Day Moving Average 8.6758
50-Day Moving Average 9.0748
20-Day Moving Average 9.2328
10-Day Moving Average 9.3085
Average True Range 0.2654
ADX 12.42
+DI 23.3985
-DI 25.8398
Chandelier Exit (Long, 3 ATRs ) 9.1038
Chandelier Exit (Short, 3 ATRs ) 9.506200000000001
Upper Bollinger Band 9.626
Lower Bollinger Band 8.8396
Percent B (%b) 0.43
BandWidth 8.517459
MACD Line 0.0508
MACD Signal Line 0.083
MACD Histogram -0.0322
Fundamentals Value
Market Cap 405.14 Million
Num Shares 44.1 Million
EPS 0.27
Price-to-Earnings (P/E) Ratio 34.00
Price-to-Sales 1.67
Price-to-Book 1.91
PEG Ratio 1.03
Dividend 0.26
Dividend Yield 2.83%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.54
Resistance 3 (R3) 9.53 9.39 9.48
Resistance 2 (R2) 9.39 9.30 9.40 9.46
Resistance 1 (R1) 9.29 9.25 9.34 9.30 9.44
Pivot Point 9.15 9.15 9.18 9.16 9.15
Support 1 (S1) 9.05 9.06 9.10 9.06 8.92
Support 2 (S2) 8.91 9.01 8.92 8.90
Support 3 (S3) 8.81 8.91 8.88
Support 4 (S4) 8.82