| MGA latest price $49.0700 (3%) ($48.2000 - $49.2200) on Mon. Oct. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 47 |
Latest Price | $49.0700(3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.3% a day on average for past five trading days. |
Weekly Trend | MGA advances 0.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally 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 -0.95% in a week (0% probabilities). VIXM(-39%) UUP(-32%) VXX(-15%) IGOV(-10%) TLT(-9%) |
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 | -0.95% (StdDev 1.9%) |
Hourly BBV | 0 () |
Intraday Trend | 1.8% |
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