| MGA latest price $57.5000 (2.35%) ($56.7900 - $57.7950) on Tue. Jan. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.23% (three month average) |
RSI | 40 |
Latest Price | $57.5000(2.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.7% a day on average for past five trading days. |
Weekly Trend | MGA declines -2% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(64%) DRIV(62%) IBUY(60%) IWM(59%) IWO(59%) |
Factors Impacting MGA price | MGA will decline at least -1.115% in a week (0% probabilities). SHY(-17%) XLP(-14%) XLV(-13%) XLF(-7%) XLB(-7%) |
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 | -1.115% (StdDev 2.23%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.6% |
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