Magic Software Enterprises (MGIC, $13.72) price may drop as it broke higher Bollinger Band on Apr 23, 2025

#InformationTechnologyServices, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #SmallCap
MGIC - Magic Software Enterprises Ltd
Bollinger signal
Bearish Trend
80%
Odds of DOWN Trend
Price: $13.72
Daily change: +$0.38 (+2.85%)
Daily volume: 42.6K
Capitalization: $672.1M
Industry: Information Technology Services

This price move could be a signal that MGIC may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 41 similar cases where MGIC's price broke its higher Bollinger Band, and 33 of them led to a successful outcome. Odds of Success: 80%.