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.O) Moving Averages Convergence Divergence (MACD) indicator is -0.804, suggesting MGIC.O is Sell.

Magic Software Enterprises Ltd (MGIC.O) 20-Day simple moving average is 26.067, while Magic Software Enterprises Ltd (MGIC.O) share price is $21.85, making it Sell.

Magic Software Enterprises Ltd (MGIC.O) 60-Day simple moving average is 25.447, while Magic Software Enterprises Ltd (MGIC.O) share price is $21.85, making it Sell.

Technical Analysis for MGIC

Technical Sentiment Analysis for Magic Software Enterprises Ltd (MGIC) As of 2026-02-06, Magic Software Enterprises Ltd (MGIC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 6 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGIC stands at 31.123, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.804, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 18.639 and the Commodity Channel Index (CCI) at -201.014 further confirm a -5.12 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGIC is trading above its 60-day moving average of $25.447 and above its 200-day long-term moving average of $20.823. Key price levels to watch include the immediate resistance at $28.171 and strong support at $21.311. A break above $28.171 could signal a bull continuation, while falling below $21.311 may test the next Fibonacci floor at $17.471.

Magic Software Enterprises Ltd (MGIC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	14.451	17.471	21.311	24.331	28.171	31.191	35.031
Fibonacci	17.471	20.091	21.71	24.331	26.951	28.57	31.191

Magic Software Enterprises Ltd (MGIC) Technical Indicators

2026-02-06

Name	Value
RSI_14	31.123
STOCHk_14_3_3	18.639
STOCHd_14_3_3	36.385
CCI_20	-201.014
AO_5_34	-2.459
MOM_10	-5.12
MACD_12_26_9	-0.804

Magic Software Enterprises Ltd (MGIC) Relative Strength Index (RSI) is 31.123, creating a Neutral signal.

Magic Software Enterprises Ltd (MGIC) Stochastic Oscillator is 18.639, creating a Buy signal.

Magic Software Enterprises Ltd (MGIC) Stochastic RSI is 36.385, creating a Neutral signal.

Magic Software Enterprises Ltd (MGIC) Commodity Channel Index (CCI) is -201.014, creating a Buy signal.

Magic Software Enterprises Ltd (MGIC) Awesome Oscillator is -2.459, creating a Sell signal.

Magic Software Enterprises Ltd (MGIC) Momentum is -5.12, creating a Sell signal.

Magic Software Enterprises Ltd (MGIC) MACD is -0.804, creating a Sell signal.

Magic Software Enterprises Ltd (MGIC) Moving Average

2026-02-06

Period	Simple	Signal
MA_5	23.786	Sell
MA_10	25.152	Sell
MA_20	26.067	Sell
MA_60	25.447	Sell
MA_200	20.823	Buy
MA_250	19.199	Buy

Magic Software Enterprises Ltd (MGIC) 5-Day simple moving average is 23.786, while Magic Software Enterprises Ltd (MGIC) share price is $21.85, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 10-Day simple moving average is 25.152, while Magic Software Enterprises Ltd (MGIC) share price is $21.85, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 20-Day simple moving average is 26.067, while Magic Software Enterprises Ltd (MGIC) share price is $21.85, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 60-Day simple moving average is 25.447, while Magic Software Enterprises Ltd (MGIC) share price is $21.85, making it a Sell.

Magic Software Enterprises Ltd (MGIC) 200-Day simple moving average is 20.823, while Magic Software Enterprises Ltd (MGIC) share price is $21.85, making it a Buy.

Magic Software Enterprises Ltd (MGIC) 250-Day simple moving average is 19.199, while Magic Software Enterprises Ltd (MGIC) share price is $21.85, making it a Buy.

People Also Watch

Frequently Asked Questions

What is the current technical consensus for MGIC?

The overall technical consensus for Magic Software Enterprises Ltd (MGIC) is currently sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 4 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 21.311 and a major resistance level at 28.171. Traders also monitor the pivot point at 24.331 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 31.123. 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 -0.804, suggesting MGIC is 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 $21.85, which is above its 200-day simple moving average of 20.823. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.