| MGA latest price $59.6800 (0.37%) ($58.2270 - $59.8200) on Thu. Jan. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.19% (three month average) |
RSI | 47 |
Latest Price | $59.6800(0.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.6% a day on average for past five trading days. |
Weekly Trend | MGA advances 0.7% 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(64%) DRIV(62%) IBUY(60%) IWM(59%) IWO(59%) |
Factors Impacting MGA price | MGA will decline at least -1.095% 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 | -1.095% (StdDev 2.19%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.4% |
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