Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Magic Software Enterprises Ltd. - Ordinary Shares (NASDAQ:MGIC)
Bull Market Weakness (+75) - MGIC is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGIC as it may be in the beginning stages of a reversal.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MGIC
The long-term trend has been UP since Jul 13th, 2021 at 17.29
The intermediate-term trend has been UP since Oct 13th, 2021 at 20.77
The short-term trend has been DOWN since Oct 19th, 2021 at 21.34
Smart Scan Analysis for MGIC
Based on our trend formula, MGIC is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.25 | 21.27 | 20.80 | 20.83 | -0.57 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.40 | 25865 | 2021-10-20 15:58:30 |
| Year High | 9.25 | Year High Date | 2018-01-25 |
| Year Low | 7.75 | Year Low Date | 2018-03-01 |
| 52wk High | 22.05 | 52wk High Date | 2021-10-15 |
| 52wk Low | 12.37 | 52wk Low Date | 2020-10-30 |
| Year End Close | 4.7 | Average Volume | 31,972 |
| Shares Outstanding | 49,035 | Short Interest | 253,135 |
| % Institutional | 4.5 | Market Cap | 460M |
| Assets | 475,508,000M | Liabilities | 211,951,000M |
| P/E Ratio | 38.2143 | Beta | 1.4 |
| Volatility | 23.9 |