| MGA latest price $53.5300 (1.44%) ($52.3200 - $53.5300) on Tue. Sep. 10, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.61% (three month average) |
RSI | 74 |
Latest Price | $53.5300(1.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.7% a day on average for past five trading days. |
Weekly Trend | MGA advances 4.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally 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 -0.805% in a week (0% probabilities). VIXM(-51%) VXX(-23%) UUP(-21%) TLT(-16%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.805% (StdDev 1.61%) |
Hourly BBV | 0 () |
Intraday Trend | 2.3% |
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