Magnite Inc

MGNI has decisively broken below its prior support zone with a Support Failure pattern on elevated volume, invalidating the bullish medium-term structure and signaling a transition toward a Stage 3 distribution environment. Short-term momentum is negative as price trades below falling 9/21 EMAs, favoring immediate bearish engagement.

• ↑Q1 revenue $164M (+6% YoY); CTV now 51% of sales.
• ↑Adjusted EBITDA $43M (+16% YoY); margin rose to 27%.
• ↓High volatility and negative momentum raise price stability concerns.