| MGA latest price $56.7900 (-2%) ($56.2500 - $57.8800) on Wed. Jun. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.82% (three month average) |
RSI | 29 |
Latest Price | $56.7900(-2%) |
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 -3.1% a week on average for past two weeks. |
Market Behavior | Normal 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(73%) DRIV(72%) IWM(69%) IWN(69%) IWO(68%) |
Factors Impacting MGA price | MGA will decline at least -1.41% in a week (0% probabilities). UUP(-28%) VIXM(-15%) TBT(-7%) VXX(-4%) 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 | -1.41% (StdDev 2.82%) |
Hourly BBV | -1.1 () |
Intraday Trend | -1.4% |
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