Magic Software Enterprises (MGIC, $15.23) price may climb as it broke lower Bollinger Band on Jun 13, 2025

#InformationTechnologyServices, #TechnicalAnalysis, #Bollinger, #Bullish, #Stocks, #SmallCap
MGIC - Magic Software Enterprises Ltd
Bollinger signal
Bullish Trend
76%
Odds of UP Trend
Price: $15.23
Daily change: -$0.56 (-3.55%)
Daily volume: 50.5K
Capitalization: $790.8M
Industry: Information Technology Services

This price move could be a signal that MGIC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 46 similar cases where MGIC's price broke its lower Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 76%.