| MGA latest price $61.1000 (0.88%) ($60.0900 - $61.4300) on Wed. Jul. 20, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.16% (three month average) |
RSI | 58 |
Latest Price | $61.1000(0.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 2% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.6% a week on average for past two weeks. |
Market Behavior | Growth stock 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(72%) DRIV(71%) IWM(69%) IWN(69%) IWO(68%) |
Factors Impacting MGA price | MGA will decline at least -1.58% in a week (0% probabilities). UUP(-28%) VIXM(-14%) TBT(-10%) VXX(-4%) SHY(-0%) |
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 | -1.58% (StdDev 3.16%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.8% |
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