| MGA latest price $50.8900 (4.13%) ($50.2400 - $51.1250) on Mon. Oct. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.65% (three month average) |
RSI | 52 |
Latest Price | $50.8900(4.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.4% a day on average for past five trading days. |
Weekly Trend | MGA declines -0.6% a week on average for past two weeks. |
Market Behavior | Broad based 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(67%) DRIV(65%) IWM(64%) IWN(63%) IWO(63%) |
Factors Impacting MGA price | MGA will decline at least -1.325% in a week (0% probabilities). UUP(-17%) SHY(-8%) TBT(-6%) VXX(-3%) EDOC(-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 | -1.325% (StdDev 2.65%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.9% |
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