| MGA latest price $51.6900 (5.71%) ($49.4900 - $51.8300) on Wed. Oct. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 63 |
Latest Price | $51.6900(5.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 2.5% a day on average for past five trading days. |
Weekly Trend | MGA advances 4.6% 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 -1.005% 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 | -1.005% (StdDev 2.01%) |
Hourly BBV | 0 () |
Intraday Trend | 4.2% |
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