| MGA latest price $61.6600 (-2.65%) ($61.3480 - $62.6600) on Wed. Nov. 25, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.47% (three month average) |
RSI | 71 |
Latest Price | $61.6600(-2.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.2% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.3% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(72%) IDRV(72%) IWM(68%) IWN(68%) IWD(67%) |
Factors Impacting MGA price | MGA will decline at least -1.235% in a week (0% probabilities). VIXM(-38%) UUP(-31%) VXX(-14%) TLT(-7%) EDOC(-7%) |
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 | -1.235% (StdDev 2.47%) |
Hourly BBV | 0 () |
Intraday Trend | -1.1% |
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