Magic Software Enterprises (MGIC, $13.18) Moving Average Convergence Divergence (MACD) Histogram turned negative on March 26, 2025

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MGIC - Magic Software Enterprises Ltd
MACD signal
Bearish Trend
67%
Odds of DOWN Trend
Price: $13.18
Daily change: -$0.22 (-1.64%)
Daily volume: 31.5K
Capitalization: $653.3M
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 52 similar cases where MGIC's MACD histogram became negative, and 35 of them led to successful outcomes. Odds of Success: 67%.