| MGA latest price $61.4400 (1.1%) ($59.9100 - $62.2350) on Tue. May. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.93% (three month average) |
RSI | 53 |
Latest Price | $61.4400(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.7% a day on average for past five trading days. |
Weekly Trend | MGA declines -0.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(76%) IDRV(76%) IWM(73%) IWN(72%) PEJ(72%) |
Factors Impacting MGA price | MGA will decline at least -1.465% in a week (0% probabilities). UUP(-29%) VIXM(-27%) VXX(-6%) TBT(-5%) SHY(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 | -1.465% (StdDev 2.93%) |
Hourly BBV | 0.8 () |
Intraday Trend | 1.5% |
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