| MGA latest price $82.9100 (-0.1%) ($81.0000 - $84.3400) on Mon. Oct. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.04% (three month average) |
RSI | 74 |
Latest Price | $82.9100(-0.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.4% a day on average for past five trading days. |
Weekly Trend | MGA advances 3.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based 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 -1.02% 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 | -1.02% (StdDev 2.04%) |
Hourly BBV | 0.6 () |
Intraday Trend | 2.1% |
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