MGIC Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Magic Software Enterprises Ltd (MGIC) Moving Averages Convergence Divergence (MACD) indicator is -2.131, suggesting MGIC is Strong Sell.

Magic Software Enterprises Ltd (MGIC) 20-Day simple moving average is 22.325, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it Sell.

Magic Software Enterprises Ltd (MGIC) 60-Day simple moving average is 24.836, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it Sell.

Technical Analysis for MGIC

Technical Sentiment Analysis for Magic Software Enterprises Ltd (MGIC) As of 2026-02-23, Magic Software Enterprises Ltd (MGIC) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 3 indicators are flashing buy, while 11 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGIC stands at 30.705, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -2.131, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 15.456 and the Commodity Channel Index (CCI) at -102.04 further confirm a -4.47 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGIC is trading above its 60-day moving average of $24.836 and above its 200-day long-term moving average of $21.106. Key price levels to watch include the immediate resistance at $22.912 and strong support at $16.572. A break above $22.912 could signal a bull continuation, while falling below $16.572 may test the next Fibonacci floor at $13.646.

Magic Software Enterprises Ltd (MGIC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	10.232	13.646	16.572	19.986	22.912	26.326	29.252
Fibonacci	13.646	16.068	17.564	19.986	22.408	23.904	26.326

Magic Software Enterprises Ltd (MGIC) Technical Indicators

2026-02-23

Name	Value
RSI_14	30.705
STOCHk_14_3_3	15.456
STOCHd_14_3_3	14.14
CCI_20	-102.04
AO_5_34	-6.01
MOM_10	-4.47
MACD_12_26_9	-2.131

Magic Software Enterprises Ltd (MGIC) Relative Strength Index (RSI) is 30.705, creating a Neutral signal.

Magic Software Enterprises Ltd (MGIC) Stochastic Oscillator is 15.456, creating a Buy signal.

Magic Software Enterprises Ltd (MGIC) Stochastic RSI is 14.14, creating a Buy signal.

Magic Software Enterprises Ltd (MGIC) Commodity Channel Index (CCI) is -102.04, creating a Buy signal.

Magic Software Enterprises Ltd (MGIC) Awesome Oscillator is -6.01, creating a Sell signal.

Magic Software Enterprises Ltd (MGIC) Momentum is -4.47, creating a Sell signal.

Magic Software Enterprises Ltd (MGIC) MACD is -2.131, creating a Sell signal.

Magic Software Enterprises Ltd (MGIC) Moving Average

2026-02-23

Period	Simple	Signal
MA_5	18.2	Sell
MA_10	19.498	Sell
MA_20	22.325	Sell
MA_60	24.836	Sell
MA_200	21.106	Sell
MA_250	19.475	Sell

Magic Software Enterprises Ltd (MGIC) 5-Day simple moving average is 18.2, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 10-Day simple moving average is 19.498, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 20-Day simple moving average is 22.325, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 60-Day simple moving average is 24.836, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 200-Day simple moving average is 21.106, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 250-Day simple moving average is 19.475, while Magic Software Enterprises Ltd (MGIC) share price is $17.01, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for MGIC?

The overall technical consensus for Magic Software Enterprises Ltd (MGIC) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 5 sell signals.

What are the key support and resistance levels for Magic Software Enterprises Ltd (MGIC) today?

Based on pivot point calculations, Magic Software Enterprises Ltd (MGIC) has an immediate support level at 16.572 and a major resistance level at 22.912. Traders also monitor the pivot point at 19.986 to determine the intraday trend direction.

Is Magic Software Enterprises Ltd (MGIC) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Magic Software Enterprises Ltd (MGIC) is currently 30.705. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Magic Software Enterprises Ltd (MGIC)?

Magic Software Enterprises Ltd (MGIC) Moving Averages Convergence Divergence (MACD) indicator is -2.131, suggesting MGIC is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for Magic Software Enterprises Ltd.

How is Magic Software Enterprises Ltd (MGIC) performing relative to its 200-day moving average?

Magic Software Enterprises Ltd (MGIC) is currently trading at $17.01, which is below its 200-day simple moving average of 21.106. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.