Magnite (MGNI, $14.89) price may drop as it broke higher Bollinger Band on May 08, 2025

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MGNI - Magnite
Bollinger signal
Bearish Trend
89%
Odds of DOWN Trend
Price: $14.89
Daily change: +$2.46 (+19.79%)
Daily volume: 6.6M
Capitalization: $1.8B
Industry: Advertising/Marketing Services

This price move could be a signal that MGNI 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 37 similar cases where MGNI's price broke its higher Bollinger Band, and 33 of them led to a successful outcome. Odds of Success: 89%.