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Stock Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

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.

NASDAQ_MGIC
Open High Low MGIC Price Change
10.9600 11.0550 10.9112 11.0250 +0.1250
Entry Signal

MarketClub’s Trade Triangles for MGIC

long term down The long-term trend has been DOWN since Jun 5th, 2024 at 10.3600

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 10.6400

short term up The short-term trend has been UP since Jul 1st, 2024 at 10.0156

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
Smart Scan Analysis for MGIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.9600 11.0550 10.9112 11.0250 +0.1250
Prev. Close Volume Bid Ask Time
11.0200 38661 2024-07-12 15:58:35
Year High9.25Year High Date2018-01-25
Year Low7.75Year Low Date2018-03-01
52wk High13.469852wk High Date2023-07-20
52wk Low8.1552wk Low Date2023-11-08
Year End Close4.7Average Volume48,220
Shares Outstanding49,035Short Interest253,135
% Institutional4.5Market Cap460M
Assets536,517,000MLiabilities264,200,000M
P/E Ratio14.9315Beta1.4
Volatility23.9
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