| MGA latest price $55.8500 (0.22%) ($55.8200 - $57.4200) on Tue. Nov. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.52% (three month average) |
RSI | 87 |
Latest Price | $55.8500(0.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.7% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.9% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(66%) DRIV(65%) IBUY(63%) IWM(63%) IWN(62%) |
Factors Impacting MGA price | MGA will decline at least -1.26% in a week (0% probabilities). UUP(-14%) SHY(-9%) TBT(-7%) VXX(-3%) VIXM(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 | -1.26% (StdDev 2.52%) |
Hourly BBV | -0.1 () |
Intraday Trend | -1.8% |
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