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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.

NASDAQ_MGIC
Open High Low MGIC Price Change
21.25 21.27 20.80 20.83 -0.57
Entry Signal

MarketClub’s Trade Triangles for MGIC

long term up The long-term trend has been UP since Jul 13th, 2021 at 17.29

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2021 at 20.77

short term down 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).

+75
Smart Scan Analysis for MGIC
Strong Downtrend Sideways 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 High9.25Year High Date2018-01-25
Year Low7.75Year Low Date2018-03-01
52wk High22.0552wk High Date2021-10-15
52wk Low12.3752wk Low Date2020-10-30
Year End Close4.7Average Volume31,972
Shares Outstanding49,035Short Interest253,135
% Institutional4.5Market Cap460M
Assets475,508,000MLiabilities211,951,000M
P/E Ratio38.2143Beta1.4
Volatility23.9
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