| MGA latest price $61.0900 (0.61%) ($60.4400 - $61.1400) on Tue. Jan. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 62 |
Latest Price | $61.0900(0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.2% a day on average for past five trading days. |
Weekly Trend | MGA advances 4.2% 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(64%) DRIV(61%) IBUY(59%) XRT(59%) IWM(58%) |
Factors Impacting MGA price | MGA will decline at least -1.055% in a week (0% probabilities). VIXM(-47%) UUP(-19%) SHY(-17%) VXX(-13%) GLD(-6%) |
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 | -1.055% (StdDev 2.11%) |
Hourly BBV | -0.6 () |
Intraday Trend | 0.2% |
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