Technical Analysis for MGIC - Magic Software Enterprises Ltd.

Grade Last Price % Change Price Change
grade A 11.5 0.88% 0.10
MGIC closed up 0.88 percent on Friday, February 14, 2020, on 1.94 times normal volume. 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.
Earnings due: Mar 9
*** please verify all earnings dates ***

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
20 DMA Support Bullish 0.88%
MACD Bullish Signal Line Cross Bullish 0.88%

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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.
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


Indicator Value
52 Week High 11.53
52 Week Low 8.01
Average Volume 23,465
200-Day Moving Average 9.42
50-Day Moving Average 10.41
20-Day Moving Average 10.96
10-Day Moving Average 11.01
Average True Range 0.29
ADX 19.35
+DI 33.91
-DI 14.92
Chandelier Exit (Long, 3 ATRs ) 10.65
Chandelier Exit (Short, 3 ATRs ) 11.08
Upper Bollinger Band 11.45
Lower Bollinger Band 10.47
Percent B (%b) 1.05
BandWidth 8.89
MACD Line 0.23
MACD Signal Line 0.20
MACD Histogram 0.0274
Fundamentals Value
Market Cap 507.52 Million
Num Shares 44.1 Million
EPS 0.27
Price-to-Earnings (P/E) Ratio 42.59
Price-to-Sales 1.67
Price-to-Book 1.91
PEG Ratio 1.03
Dividend 0.26
Dividend Yield 2.26%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.88
Resistance 3 (R3) 11.85 11.69 11.82
Resistance 2 (R2) 11.69 11.59 11.70 11.80
Resistance 1 (R1) 11.59 11.53 11.64 11.63 11.78
Pivot Point 11.43 11.43 11.46 11.45 11.43
Support 1 (S1) 11.34 11.33 11.39 11.37 11.22
Support 2 (S2) 11.18 11.27 11.19 11.20
Support 3 (S3) 11.08 11.18 11.18
Support 4 (S4) 11.12