Magic Software Enterprises (MGIC, $12.85) Moving Average Convergence Divergence (MACD) Histogram turned negative on February 12, 2025

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MGIC - Magic Software Enterprises Ltd
MACD signal
Bearish Trend
66%
Odds of DOWN Trend
Price: $12.85
Daily change: -$0.24 (-1.83%)
Daily volume: 20K
Capitalization: $636M
Industry: Information Technology Services

This is a Bearish indicator signaling MGIC's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 50 similar cases where MGIC's MACD histogram became negative, and 33 of them led to successful outcomes. Odds of Success: 66%.