| MGA latest price $79.3000 (-1.61%) ($79.1300 - $80.2600) on Thu. Dec. 9, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 31 |
Latest Price | $79.3000(-1.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.2% a day on average for past five trading days. |
Weekly Trend | MGA declines -3% 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(77%) DRIV(76%) IWM(72%) IWN(72%) PEJ(72%) |
Factors Impacting MGA price | MGA will decline at least -0.985% in a week (0% probabilities). VIXM(-37%) UUP(-31%) VXX(-10%) SHY(-3%) TLT(-1%) |
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 | -0.985% (StdDev 1.97%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1% |
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