| MGA latest price $47.8300 (-1.06%) ($47.4400 - $48.3800) on Wed. Jul. 17, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.86% (three month average) |
RSI | 40 |
Latest Price | $47.8300(-1.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.4% a day on average for past five trading days. |
Weekly Trend | MGA declines -1.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(78%) PAVE(76%) IWM(75%) IWN(75%) PEJ(74%) |
Factors Impacting MGA price | MGA will decline at least -0.93% in a week (0% probabilities). VIXM(-52%) VXX(-23%) UUP(-21%) TLT(-17%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.93% (StdDev 1.86%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
| |
|
|