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Stock Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Magic Software (NASDAQ:MGIC)

Crossroads (-60) - MGIC is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
15.52 15.66 14.91 15.66 +0.16
Entry Signal

MarketClub’s Trade Triangles for MGIC

long term up The long-term trend has been UP since Jun 8th, 2020 at 10.94

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 15.87

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 17.50

Smart Scan Analysis for MGIC

Based on our trend formula, MGIC is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MGIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.52 15.66 14.91 15.66 +0.16
Prev. Close Volume Bid Ask Time
15.56 52873 2021-03-05 15:59:58
Year High9.25Year High Date2018-01-25
Year Low7.75Year Low Date2018-03-01
52wk High18.35452wk High Date2021-02-19
52wk Low6.314252wk Low Date2020-03-18
Year End Close4.7Average Volume52,218
Shares Outstanding48,940Short Interest253,135
% Institutional4.5Market Cap460M
Assets422,498,000MLiabilities175,214,000M
P/E Ratio44.2857Beta1.4
Volatility23.9
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