Magic Software Enterprises Ltd. Stock Forecast

Buy or Hold candidate since Apr 08, 2025 Gain 35.08%

The Magic Software Enterprises Ltd. stock price gained 1.19% on the last trading day (Friday, 20th Jun 2025), rising from $16.78 to $16.98. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.67% from a day low at $16.73 to a day high of $17.01. The price has been going up and down for this period, and there has been a 5.07% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 58 thousand shares were bought and sold for approximately $980.29 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.37% during the next 3 months and, with a 90% probability hold a price between $20.36 and $23.18 at the end of this 3-month period.

MGIC Signals & Forecast

The Magic Software Enterprises Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.24 and $15.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 13, 2025, and so far it has risen 11.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Magic Software Enterprises Ltd. stock

Magic Software Enterprises Ltd. finds support from accumulated volume at $16.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.280 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $16.44 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (MGIC) For The Upcoming Trading Day Of Monday 23rd

For the upcoming trading day on Monday, 23rd we expect Magic Software Enterprises Ltd. to open at $16.91, and during the day (based on 14 day Average True Range), to move between $16.50 and $17.46, which gives a possible trading interval of +/-$0.480 (+/-2.83%) up or down from last closing price. If Magic Software Enterprises Ltd. takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $16.15, some $0.83 (4.89%) from the current price of $16.98, our system finds the risk reward attractive.

Is Magic Software Enterprises Ltd. stock A Buy?

Magic Software Enterprises Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.160 Strong Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2025 - $16.91 ( 0.432%).

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