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Fell Below 20 Day Moving Average appears for MGIC after 3.87% move

Magic Software Enterprises Ltd. (MGIC) — Nightly Technical Analysis · Sep 17, 2025, 17:51 ET
On Wednesday, September 17th, MGIC moved down 3.87% while volume was to 0.9× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 19.19, 18.98 & 18.74, with resistance at 19.64, 19.88 & 20.09.

Current SwingTradeBot Technical Rating of MGIC: D

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Magic Software Enterprises Ltd. (MGIC)