| MGA latest price $79.2100 (-0.98%) ($79.1700 - $80.3800) on Mon. Aug. 30, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 29 |
Latest Price | $79.2100(-0.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.1% a day on average for past five trading days. |
Weekly Trend | MGA declines -3.7% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(76%) DRIV(75%) IWM(71%) IWN(71%) PEJ(70%) |
Factors Impacting MGA price | MGA will decline at least -0.965% in a week (0% probabilities). VIXM(-37%) UUP(-31%) VXX(-11%) TLT(-3%) 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 | -0.965% (StdDev 1.93%) |
Hourly BBV | -0.4 () |
Intraday Trend | -1% |
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