| MGA latest price $58.3300 (2.21%) ($57.0700 - $59.0000) on Tue. Mar. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.82% (three month average) |
RSI | 26 |
Latest Price | $58.3300(2.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.5% a day on average for past five trading days. |
Weekly Trend | MGA declines -10.7% 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(78%) DRIV(77%) IWM(74%) IWN(73%) IWO(73%) |
Factors Impacting MGA price | MGA will decline at least -1.41% in a week (0% probabilities). VIXM(-32%) UUP(-31%) VXX(-7%) TBT(-6%) EDOC(-4%) |
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 | -1.41% (StdDev 2.82%) |
Hourly BBV | 0.3 () |
Intraday Trend | 1% |
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