Magic Software Enterprises (MGIC, $12.92) Moving Average Convergence Divergence (MACD) Histogram turned positive on February 4, 2025

#InformationTechnologyServices, #TechnicalAnalysis, #MACD, #Bullish, #Stocks, #SmallCap
MGIC - Magic Software Enterprises Ltd
MACD signal
Bullish Trend
75%
Odds of UP Trend
Price: $12.92
Daily change: +$0.27 (+2.13%)
Daily volume: 32.4K
Capitalization: $601M
Industry: Information Technology Services

This is a Bullish indicator signaling MGIC's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 51 similar cases where MGIC's MACD histogram became positive, and 38 of them led to successful outcomes. Odds of Success: 75%.