Is Magic Software Enterprises Ltd. technically bullish or bearish?

Jun 25 2025 08:35 AM IST
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As of May 2, 2025, the technical trend for Magic Software Enterprises Ltd. has shifted to bullish, supported by strong indicators like the MACD, Bollinger Bands, and KST across multiple time frames.
As of 2 May 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, while Bollinger Bands also indicate a bullish trend on both time frames. Daily moving averages confirm a bullish outlook as well. The KST is bullish on both weekly and monthly charts, and although the Dow Theory shows a mildly bullish stance on the weekly and monthly, it does not detract from the overall bullish sentiment. The OBV is mildly bullish on a monthly basis but shows no trend on the weekly. Overall, the strength of the bullish indicators suggests a positive outlook for Magic Software Enterprises Ltd.
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