| MGA latest price $48.3000 (0.92%) ($47.6300 - $48.9800) on Wed. Jul. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.78% (three month average) |
RSI | 81 |
Latest Price | $48.3000(0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.4% a day on average for past five trading days. |
Weekly Trend | MGA advances 3.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(72%) IWM(68%) IWN(68%) PAVE(68%) IWD(67%) |
Factors Impacting MGA price | MGA will decline at least -1.39% in a week (0% probabilities). VIXM(-38%) UUP(-31%) VXX(-15%) TLT(-9%) 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 | -1.39% (StdDev 2.78%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
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