Analyze Symbol

Stock Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

Magic Software (NASDAQ:MGIC)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NASDAQ_MGIC
Open High Low MGIC Price Change
8.060 8.090 8.005 8.090 +0.040
Entry Signal

MarketClub’s Trade Triangles for MGIC

long term down The long term trend has been DOWN since Oct 23rd, 2018 at 8.05

intermediate term up The intermediate term trend has been UP since Jan 17th, 2019 at 8.07

short term up The short term trend has been UP since Jan 17th, 2019 at 8.05

Smart Scan Analysis for MGIC

Based on a pre-defined weighted trend formula for chart analysis, MGIC scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MGIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.060 8.090 8.005 8.090 +0.040
Prev. Close Volume Bid Ask Time
7.8 11608 2019-01-17 15:57:02
Year High9.25Year High Date2018-01-25
Year Low7.75Year Low Date2018-03-01
52wk High9.2552wk High Date2018-01-25
52wk Low7.7552wk Low Date2018-03-01
Year End Close4.7Average Volume44,726
Shares Outstanding36,612Short Interest253,135
% Institutional4.5Assets73.7M
Liabilities30MBeta1.4
Volatility23.9
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