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Stock Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Magic Software (NASDAQ:MGIC)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

Open High Low MGIC Price Change
8.8800 8.9205 8.8600 8.8700 -0.0100
Entry Signal

MarketClub’s Trade Triangles for MGIC

long term up The long term trend has been UP since Feb 27th, 2019 at 8.8900

intermediate term down The intermediate term trend has been DOWN since May 9th, 2019 at 9.0652

short term down The short term trend has been DOWN since Apr 29th, 2019 at 9.4200

Smart Scan Analysis for MGIC

Based on a pre-defined weighted trend formula for chart analysis, MGIC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MGIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.8800 8.9205 8.8600 8.8700 -0.0100
Prev. Close Volume Bid Ask Time
8.3588 11591 2019-05-17 15:59:14
Year High9.25Year High Date2018-01-25
Year Low7.75Year Low Date2018-03-01
52wk High9.252wk High Date2018-09-20
52wk Low7.2952wk Low Date2018-12-27
Year End Close4.7Average Volume22,140
Shares Outstanding81,644Short Interest253,135
% Institutional4.5Market Cap407M
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