Magic Software's 15min chart sees MACD Golden Cross, Bollinger Bands expanding upward.

Magic Software's 15-minute chart has recently exhibited a significant bullish signal, as the Moving Average Convergence Divergence (MACD) indicator has crossed above its signal line, forming a Golden Cross. Additionally, the Bollinger Bands have expanded upward, indicating that the stock price is experiencing increased volatility and is likely to continue its upward momentum. This suggests that the market trend is being driven by strong buying pressure, indicating a positive outlook for the stock.

Magic Software Enterprises Ltd. (MGIC) has reported robust second-quarter (Q2) 2025 results, with adjusted revenue of $151.6 million, up 11.3% from last year, and adjusted earnings per share of $0.26, beating the projected $0.25. The company's board declared a semi-annual cash dividend of 29.6 cents per share, totaling approximately $14.5 million [1].

In response to the strong performance, Magic Software has revised its full-year 2025 revenue guidance to $600 million to $610 million, up from the previous range of $593 million to $603 million. This represents an 8.6% to 10.4% year-over-year (YoY) growth [2]. The company's U.S. operations showed approximately 9% year-over-year revenue growth in the first half, driven by agreements executed in late 2024 and early 2025 [3].

Magic Software's stock was up 7.07% to $20.13 on the Nasdaq following the announcement. The company's strong performance is driven by robust demand for its digital, AI, and cloud transformation solutions, as well as continued growth in the defense sector [2]. The company has also made progress in its negotiations for a potential merger with Matrix I.T., which is expected to be presented for shareholder approval in Q4 2025 [3].

The recent 15-minute chart of Magic Software's stock has exhibited a significant bullish signal, with the Moving Average Convergence Divergence (MACD) indicator crossing above its signal line, forming a Golden Cross. Additionally, the Bollinger Bands have expanded upward, indicating increased volatility and upward momentum in the stock price. This suggests that the market trend is being driven by strong buying pressure, indicating a positive outlook for the stock [3].

References:
[1] https://www.ainvest.com/news/magic-software-raises-fy23-revenue-outlook-announces-semi-annual-dividend-2508/
[2] https://finimize.com/content/magic-software-outpaces-expectations-but-gets-a-reality-check
[3] https://www.stocktitan.net/news/MGIC/magic-software-reports-second-quarter-and-first-half-2025-financial-e41b4cwasr13.html