Should I Buy Magic Software Enterprises Ltd Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. MGIC has several positive signals and is within a rising trend, so we believe it will perform strongly in the next couple of days or weeks. We therefore hold a positive evaluation of this stock. Our analysis conclusion for this stock is a Strong Buy candidate.
MGIC stock price ended at $13.84 on Thursday, after rising0%
The Magic Software Enterprises Ltd stock price increased by 0% on the last trading day (01 May 2025), rising from 13.946 to 13.84. Throughout the last trading session, the stock experienced a fluctuation of 1.42% , ranging from a day low of $13.7502 to a day high of 13.946. The price has declined in 5 of the last 10 days, resulting in a total change of 4.22% during this period. On the last day, trading volume decrease by -23.17K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 13.31K shares were traded, amounting to approximately 184.40K.
MGIC Technical Signals
MGIC(Magic Software Enterprises Ltd Corp) has 3 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-04-23. The total price change during this trend is +0.87%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of MGIC over the last 5 trading days is 558.01K. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.
MGIC Moving Average Analysis
Magic Software Enterprises Ltd's overall moving average trend leans more bullish as of Thursday, May 1, 2025, with 0 negative signals and 4 positive signal. In the mid-term, the SMA_20 being above the SMA_60 signals a strong bullish trend. There will be some resistance from the lines at $14.161398533333331, and $14.543933333333332. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $12.923668133333335, and $12.541133333333335. A break-down below any of these levels will issue sell signals.
MGIC Short Selling Analysis
The short sale ratio of Magic Software Enterprises Ltd(MGIC) as of 29 Apr 2025 is 23.73%, dropping from last trading day. With decreasing price from 13.64 to 13.94. The short sell activity indicate that short sellers may be experiencing short cover.
Technical Signal
Technical Signals Summary
Neutral
Sell
4
Buy
3
Moving Average
Swing
Positive
Stock Price Above SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
3 Bullish Signals
3 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.466
Bullish
Momentum (10 days)
MOM_10 > 0
0.56
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.2
Bullish
4 Bearish Signals
4 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 > 80
86.522
Bearish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 > 100
116.571
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
83.71
Bearish
Williams %R (14 days)
WILLR_14 > -20
-13.24
Bearish
MGIC Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Magic Software Enterprises Ltd(MGIC), our algorithm predicts MGIC's 1-month price at $15.39, with an 10.88%upwardshift. Using a similarity score up to 92.18%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Magic Software Enterprises Ltd (MGIC.O) stock, as of Sunday, April 27, 2025 , forecasts a 10.88% change over the next month, based on its high correlation with MSEX.O stock patterns. The similarity between their price movements over the analyzed periods is 92.18%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
MGIC
Future prediction
Up: 10.88%
MSEX
Up: 10.88%Similarity: 92.18%
Name
Similarity
Up/Down
MSEX.O
92.18%
+10.88%
HE.N
91.88%
+3.37%
CEVA.O
91.66%
-21.79%
KELYA.O
91.55%
-3.88%
STRL.O
91.53%
-8.77%
BNS.N
91.51%
+0.90%
DK.N
91.50%
+3.04%
CNX.N
91.27%
+6.28%
MSM.N
91.18%
+1.87%
MGIC Seasonality Analysis
Based on MGIC's historical stock price data across all years, the probability of a positive return in May is60.00%, suggesting it maybe an ideal month to invest in MGIC. In contrast,Januaryoffers the highest probability of positive returns at81.82%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Magic Software Enterprises Ltd (MGIC.O) stock in January has the highest probability of a positive return (81.82%), while September has the lowest probability (30.00%).
Performance Seasonality
The chart shows Magic Software Enterprises Ltd. (MGIC)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
Should I buy Magic Software Enterprises Ltd (MGIC.O) stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. MGIC has several positive signals and is within a rising trend, so we believe it will perform strongly in the next couple of days or weeks. We therefore hold a positive evaluation of this stock. Our analysis conclusion for this stock is a Strong Buy candidate.
Which months have the highest win rate for buying Magic Software Enterprises Ltd (MGIC.O) stock in a year?
The radar chart shows that buying Magic Software Enterprises Ltd (MGIC.O) stock in January has the highest probability of a positive return (81.82%), while September has the lowest probability (30.00%).
How has Magic Software Enterprises Ltd. (MGIC)'s stock price performed over the past three years?
MGIC's stock price fell by -37.08% in 2023,increased by 24.56% in 2024, and went up by 16.4% in 2025.
Is MGIC a buy based on overall technical signals summary?
MGIC has 3 buy signals and 4 sell signals now. Overall the technical rating for MGIC is Neutral . Note that market conditions change all the time. In addition to technical ratings, keep an eye on the Valuation Level of MGIC.
What is the trend of Magic Software Enterprises Ltd (MGIC)'s moving average?
Magic Software Enterprises Ltd's overall moving average trend leans more bullish as of May 01 2025, with 0 negative signals and 4 positive signal.
What is price prediction for MGIC stock next month?
The price prediction chart for Magic Software Enterprises Ltd (MGIC.O) stock, as of April 27 2025, forecasts a 10.88% change over the next month, based on its high correlation with MSEX stock patterns. The similarity between their price movements over the analyzed periods is 92.18%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
What is price prediction 2025 for MGIC Stock?
MGIC Investment (MTG) stock is predicted to trade between **$25 and $26** by the end of 2025.
The stock is currently near its Fibonacci pivot level of $24.12, with resistance at $24.77 and support at $23.47.
Analysts have mixed sentiment, with a recent price target adjustment to $26 from $28, indicating cautious optimism.
What is price prediction 2030 for MGIC Stock?
MGIC Investment (MTG) stock is predicted to reach **$35-$40 by 2030**, driven by strong earnings growth and a stable housing market. The stock currently trades at $13.63 with a 52-week range of $19.26-$26.56, showing potential for long-term appreciation. Analysts expect continued positive earnings surprises, supporting a bullish outlook.