| MGA latest price $34.9600 (0.92%) ($34.6100 - $35.8100) on Wed. Apr. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.5% (three month average) |
RSI | 70 |
Latest Price | $34.9600(0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.1% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(73%) IWM(70%) IWN(70%) PAVE(70%) IWD(69%) |
Factors Impacting MGA price | MGA will decline at least -2.75% in a week (0% probabilities). VIXM(-42%) UUP(-32%) VXX(-17%) TLT(-12%) SHY(-3%) |
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 | -2.75% (StdDev 5.5%) |
Hourly BBV | 0 () |
Intraday Trend | -1.7% |
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