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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Magic Software Enterprises Ltd. - Ordinary Shares (NASDAQ:MGIC)
Strong Uptrend (+100) - MGIC is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MGIC continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MGIC?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGIC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MGIC
The long-term trend has been UP since Feb 15th, 2024 at 10.860
The intermediate-term trend has been UP since May 6th, 2024 at 12.090
The short-term trend has been UP since May 3rd, 2024 at 11.915
Smart Scan Analysis for MGIC
Based on our trend formula, MGIC is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.39 | 12.47 | 12.37 | 12.47 | +0.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.44 | 7179 | 2024-05-09 10:08:39 |
| Year High | 9.25 | Year High Date | 2018-01-25 |
| Year Low | 7.75 | Year Low Date | 2018-03-01 |
| 52wk High | 14.82 | 52wk High Date | 2023-05-19 |
| 52wk Low | 8.15 | 52wk Low Date | 2023-11-08 |
| Year End Close | 4.7 | Average Volume | 48,415 |
| Shares Outstanding | 49,035 | Short Interest | 253,135 |
| % Institutional | 4.5 | Market Cap | 460M |
| Assets | 502,224,000M | Liabilities | 252,212,000M |
| P/E Ratio | 18.1692 | Beta | 1.4 |
| Volatility | 23.9 |