Here’s Why Magic Software Enterprises Ltd. (NASDAQ:MGIC) Dropped -0.1%

In its most recent trading session, Magic Software Enterprises Ltd. (NASDAQ:MGIC) dropped by -0.1% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.143, an Accumulation/Distribution Index (ADI) of 0.143, an On-Balance Volume (OBV) of 74.147, and a Chaiikin Money Flow (CMF) of 9.99. 6.429

So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Magic Software Enterprises Ltd. (NASDAQ:MGIC). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.