| MGA latest price $87.8500 (-0.49%) ($86.1600 - $88.3700) on Wed. Nov. 17, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.86% (three month average) |
RSI | 76 |
Latest Price | $87.8500(-0.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1% a day on average for past five trading days. |
Weekly Trend | MGA advances 3% a week on average for past two weeks. |
Market Behavior | Value stocks 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(77%) DRIV(76%) PEJ(72%) IWM(71%) IWN(71%) |
Factors Impacting MGA price | MGA will decline at least -0.93% in a week (0% probabilities). VIXM(-37%) UUP(-31%) VXX(-11%) SHY(-3%) TLT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.93% (StdDev 1.86%) |
Hourly BBV | -0.5 () |
Intraday Trend | -0.5% |
| |
|
|