| MGA latest price $81.9500 (5.33%) ($78.6400 - $82.4800) on Thu. Oct. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 63 |
Latest Price | $81.9500(5.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.8% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.2% 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(76%) DRIV(75%) IWM(71%) IWN(71%) PEJ(70%) |
Factors Impacting MGA price | MGA will decline at least -1.03% in a week (0% probabilities). VIXM(-37%) UUP(-30%) 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 | -1.03% (StdDev 2.06%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3.7% |
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