Magic Software's 15min chart triggered KDJ Death Cross, Bearish Marubozu signal.

According to the 15-minute chart of Magic Software, a bearish signal was triggered on July 18th, 2025 at 12:45 PM. The KDJ Death Cross and Bearish Marubozu indicators indicate a shift in the momentum of the stock price towards the downside, with potential further decreases. Sellers currently control the market and bearish momentum is likely to continue.

On July 18th, 2025, at 12:45 PM, a bearish signal was triggered for Magic Empire Global Limited (MEGL) stock, according to the 15-minute chart. The KDJ Death Cross and Bearish Marubozu indicators suggest a shift in the momentum of the stock price towards the downside, indicating potential further decreases. Sellers currently control the market, and bearish momentum is likely to continue.

The Magic Empire Global Limited stock price gained 0.671% on the last trading day (Thursday, 17th Jul 2025), rising from $1.49 to $1.50. However, the stock has fallen in 6 of the last 10 days and is down by -6.83% for this period. The stock lies in the lower part of a very wide and strong rising trend in the short term, which may pose a good buying opportunity. If the lower trend floor at $1.39 is broken, it will indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.81% during the next 3 months and, with a 90% probability, hold a price between $1.65 and $2.61 at the end of this 3-month period [1].

There are few to no technical positive signals at the moment. The Magic Empire Global Limited stock holds sell signals from both short and long-term Moving Averages, giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.52 and $1.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 10, 2025, and so far it has fallen -26.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued [1].

On the downside, the stock finds support just below today's level from accumulated volume at $1.37 and $1.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Magic Empire Global Limited finds support just below today's level at $1.37. If this is broken, then the next support from accumulated volume will be at $1.36 and $1.18 [1].

For the upcoming trading day on Friday, 18th, we expect Magic Empire Global Limited to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.44 and $1.56, which gives a possible trading interval of +/-$0.113 (+/-7.81%) up or down from last closing price. If Magic Empire Global Limited takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day. Since the stock is closer to the support from accumulated volume at $1.37 (8.43%) than the resistance at $1.69 (12.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance [1].

The Magic Empire Global Limited stock holds several negative signals and despite the positive trend, we believe Magic Empire Global Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Current score: -3.831 Sell Candidate Unchanged [1].

References:
[1] https://stockinvest.us/stock/MEGL