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Stock Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Magic Software Enterprises Ltd. - Ordinary Shares (NASDAQ:MGIC)
Weak Downtrend (-65) - MGIC is showing signs of a strengthening downtrend. Monitor MGIC as it may be building momentum to the downside.
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 10.86
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 11.33
The short-term trend has been DOWN since Apr 12th, 2024 at 11.68
Smart Scan Analysis for MGIC
Based on our trend formula, MGIC is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.61 | 11.62 | 11.32 | 11.36 | -0.26 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.62 | 35490 | 2024-04-18 14:39:01 |
| 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 | 68,952 |
| 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 |
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