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Pocket Pivot appears for MGIC after 0.45% move

Magic Software Enterprises Ltd. (MGIC) — Daily Technical Analysis & Swing Trading Signals · Sep 19, 2025, 17:51 ET
MGIC closed up 0.45% on Friday, September 19th, with volume running 2.3× above average. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: Narrow Range Bar and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 19.73, 19.57 & 19.44, with resistance at 20.02, 20.15 & 20.31.

Current SwingTradeBot Technical Rating of MGIC: D

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Magic Software Enterprises Ltd. (MGIC)