| MGA latest price $66.8000 (4.46%) ($65.0800 - $67.1000) on Mon. Jun. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.74% (three month average) |
RSI | 66 |
Latest Price | $66.8000(4.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.9% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(75%) DRIV(74%) IWM(71%) IWN(70%) PEJ(70%) |
Factors Impacting MGA price | MGA will decline at least -1.37% in a week (0% probabilities). UUP(-28%) VIXM(-21%) TBT(-8%) VXX(-5%) SHY(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.37% (StdDev 2.74%) |
Hourly BBV | 1 () |
Intraday Trend | 2.3% |
| |
|
|