| MGA latest price $52.7300 (2.01%) ($51.8100 - $52.8400) on Thu. Oct. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 72 |
Latest Price | $52.7300(2.01%) |
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 6.5% 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 -1.01% in a week (0% probabilities). VIXM(-39%) UUP(-31%) VXX(-15%) TLT(-9%) EDOC(-5%) |
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 | -1.01% (StdDev 2.02%) |
Hourly BBV | 0 () |
Intraday Trend | 1.4% |
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