MGIC Stock Price Prediction

Magic Software Enterprises Ltd

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15.835

+0.115(+0.730%)

Overview
Forecast
Valuation

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 $15.835 on Friday, after rising 0.73%

The Magic Software Enterprises Ltd stock price increased by 0.73% on the last trading day (16 May 2025), rising from 15.72 to 15.835. Throughout the last trading session, the stock experienced a fluctuation of 2.11% , ranging from a day low of $15.61 to a day high of 15.94. The price has declined in 2 of the last 10 days, resulting in a total change of 11.28% during this period. On the last day, trading volume decrease by -6.36K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 48.73K shares were traded, amounting to approximately 770.62K.

MGIC Technical Signals

MGIC(Magic Software Enterprises Ltd Corp) has 3 buy signals and 5 sell signals now. The current trend is uptrend starting from 2025-04-07. The total price change during this trend is +31.60%. 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 917.07K. Overall, the technical indicator signals lean more toward a Bearish outlook in the mid-term.

MGIC Moving Average Analysis

Magic Software Enterprises Ltd's overall moving average trend leans more bullish as of Sunday, May 18, 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 $16.1779, and $17.0565. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $13.3351, and $12.456500000000002. 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 12 May 2025 is 23.46%, rising from last trading day. With increasing price from 14.31 to 14.43. The short sell activity indicate that short sellers may be anticipating a price reversion.

Technical Signal

Technical Signals Summary

Sell

Buy

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

When Value satisfies Signal, Indicator signals Bullish

Indicators

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 > 0

1.724

Bullish

Momentum (10 days)

MOM_10 > 0

1.605

Bullish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 > 0

0.641

Bullish

5 Bearish Signals

When Value satisfies Signal, Indicator signals Bearish

Indicators

Signal

Value

Meaning

Relative Strength Index (14 days)

RSI_14 > 70

76.009

Bearish

Stochastic Oscillator %K (14, 3, 3)

STOCHk_14_3_3 > 80

95.961

Bearish

Commodity Channel Index (20 days, 0.015 constant)

CCI_20_0.015 > 100

180.203

Bearish

Stochastic RSI %K (14, 14, 3, 3)

STOCHRSIk_14_14_3_3 > 80

100

Bearish

Williams %R (14 days)

WILLR_14 > -20

-4.487

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 $16.70, with an 5.46%upwardshift. Using a similarity score up to 98.50%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, May 18, 2025 , forecasts a 5.46% change over the next month, based on its high correlation with MKTX.O stock patterns. The similarity between their price movements over the analyzed periods is 98.5%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.

MGIC

Future prediction

Up: 5.46%

MKTX

Up: 5.46%Similarity: 98.5%

Name

Similarity

Up/Down

MKTX.O

98.50%

+5.46%

WERN.O

98.31%

-7.14%

ATHM.N

98.31%

-11.10%

TEAM.O

98.29%

+4.49%

ITT.N

98.22%

-2.57%

XXII.O

98.20%

+1.89%

CALM.O

98.18%

-5.73%

ETON.O

98.16%

+41.29%

TXMD.O

98.15%

+8.40%

CNI.N

98.12%

+0.65%

MGIC Seasonality Analysis

Based on MGIC's historical stock price data across all years, the probability of a positive return in May is63.64%, 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.