| MGA latest price $48.8700 (0%) ($48.3300 - $49.8600) on Fri. Oct. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.63% (three month average) |
RSI | 43 |
Latest Price | $48.8700(0%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.3% a day on average for past five trading days. |
Weekly Trend | MGA declines -1.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(68%) DRIV(66%) IWM(65%) IWO(64%) IYT(64%) |
Factors Impacting MGA price | MGA will decline at least -1.315% in a week (0% probabilities). UUP(-18%) TBT(-7%) SHY(-7%) VXX(-3%) VIXM(-2%) |
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 | -1.315% (StdDev 2.63%) |
Hourly BBV | 1 () |
Intraday Trend | -1% |
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